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CPP Contribution do not match with CPP Expected on the CPP and EI Balancing Report with Pension Exemption

by: Jasleen Kaur O. | over a year ago | Payroll
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The report is not accounting the actual pay periods the employee worked for but uses the pay cycle instead that is passed from the user interface before you print this report. The report is statically calculating the pension exemption based on the pay cycle passed and applying it to all employees rather than doing a dynamic calculation for each employee based on the pay periods worked. The report needs to account the pay periods for which the employees worked rather than including one pension exemption value for all the employees as pension exemption gets included on each pay cheque issued to the employee during that year.

This report is not helpful if you want to ensure you are issuing T4's with correct CPP amounts to your employees. Sage users run this report before issuing T4's. Sage says this report gives you a rough guide on the amounts which is not helpful. The report needs to be accurate.

by: Jasleen Kaur O. | over a year ago | Payroll

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