Overview:
The TD1/TP1015.3 Information window allows you to enter TD1 (Personal Tax Credits Return) and TD1X (Statement of Commission Income and Expenses for Payroll Deductions) information for employees with a Payroll Country Code of CAN in the Employee Payroll Information window. PENTA uses elements from this window in Canadian payroll calculations as necessary for specific formulas.
This window provides a field for each element on Federal and Provincial TD1 forms and on the TD1X form.
Benefits:
- Enables full leverage of PENTA's Canadian Payroll functionality.
- Allows end users to dynamically change Canadian Personal Withholding/Credit/Deduction amounts to remain in compliance with Canadian standards as the law changes.
- Window also allows for automatic updates from PENTA. These Canadian compliance updates occur automatically on a semi-annual basis
Roles:
- Payroll Clerk
- Payroll Manager
- Assistant Controller
Additional Content
Location:
- Payroll Module> Employees> TD1/TP1015.3 Information
Video: