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July 3, 2023
Question

July 2023 tax table update

  • July 3, 2023
  • 1 reply
  • 0 views

Need some assistance on this one. 

 

I have downloaded the latest tax table update - all good from that perspective. 

Manitoba has increased the provincial TD1 amount for 2023.   From $10855 to $15000.  The tax table is now showing a prorated amount for July 2023 payroll onwards to reflect this change.

   

If I have a new employee who has not been paid in 2023 yet, is the provincial TD1 $15000 or is it the prorated amount?  

If I have manually updated an employee's provincial TD1 prior to the July 2023 tax table do I manually update from the prorated amount or from the $15000? 

 

The QB support post (Download the Latest Payroll Tax Table) doesn't quite answer.  It suggests you need to update but it doesn't clarify from which amount (prorated or the $15000).  

 

Not sure how to handle this. 

Thanks in advance. 

1 reply

July 4, 2023

Hi swgcc,

 

Thanks for reaching out here.  It's essential that you're able to pay your staff with peace of mind, in QuickBooks.  Due to the nature of this situation, I encourage you to contact us.  A member of our Customer Care team will be able to provide personal assistance and ensure you're on the right track with your QuickBooks goals!

 

Feel free to reach out again, if you have any other questions or concerns.  We're here for you!