The following settings are based on the T4127-jul-08e.pdf –Payroll Deductions Formulas for Computer Programs – 87th Edition from Canada Revenue Agency as of June 17th 2008.

These changes, effective July 1, 2008 only apply to British Columbia provincial taxes.  No Federal Tax, CPP or EI changes have been made. There are no changes to Alberta, Saskatchewan and Manitoba provincial taxes. 

The Global Provincial tax tables (4,2,22.#) and tax parameters (4,2,29.#) 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 2008 or 200807.

Please click here for complete announcement in PDF format.