What’s new for 2021
The latest updates from Arctic Data Corporation
Tax Table Updates for 2021
Yearly tax tables have been imported to ensure accuracy with all Canadian government regulations.
T4 Reporting employee income during Covid-19
New requirements for reporting income have been added to T4’s. The following boxes have been added if the system detects any payments made during the reporting periods listed below:
Employment income – March 15 to May 9
Employment income – May 10 to July 4
Employment income – July 5 to August 29
Code 60: Employment income – August 30 to September 26
To find out more information please go to the CRA website listed below:
Better Tracking for Commission Employees
The system will track commission based on Commission Pay Code.
The system will allow you to track hours per employee. When entering in time sheets you can add or subtract hours to a Bankable Pay Code.
New deduction rule: Percentage of Net Pay
This option will deduct a Percentage off the calculated Net Pay for an employee
Better Tracking for EI Hours and Wages for Salary and Commission Employees
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