2022 July Payroll Tax Changes
The following settings are based on the CRA document T4127–Payroll Deductions Formulas for Computer Programs – 116th Edition.
Effective July 1, 2022 the Federal and Provincial Tax Parameters will not change.
No changes were made to Federal Tax, EI nor CPP.
No changes are necessary for BC, Alberta, Saskatchewan, Manitoba, Northwest Territories or Ontario.
For more information, please see CRA Publication: https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4127-payroll-deductions-formulas/t4127-jul/t4127-jul-payroll-deductions-formulas.html