Note: The following settings are based on the T4127-JUL –Payroll Deductions Formulas for Computer Programs – 83rd Edition from Canada Revenue Agency.

Effective July 1, 2006 the following changes must be made to your payrolls. The new (as of OPS 9.04) Global Federal and Provincial exemptions, tax tables and tax parameters will only need to be added once for all payrolls. You would ADD the new exemptions and tax tables using a new effective date of July 2006 or 200607 (you should already have sets of global tables for January 2006).

Download PDF for more information:

Please also note that the following are now available on the CRA website:
T4143 Tables on Diskette (TOD)
T4008 Payroll Deductions Tables
T4032 Payroll Deductions Tables