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