This is last year's information, but your 2021 tax slips will follow a similar process. Check back in January for more info!
Balancing during tax slips is essential to ensure that all the tax slip information is correct before generating your transmission file and saving your tax slips.
If you didn’t balance these after your final pay of 2020, we recommend doing so now:
Review Your 2020 Payroll: Here, you’ll find two reports with your totals for the 2020 payroll year. One report will print the year's total for each earning, deduction, and benefit code. The other report contains totals for each employee.
Balance Your CPP Remittances: This confirms that your 2020 CPP deductions and benefits are correct compared to the expected amounts.
Balance Your Receiver General and Quebec Remittances: Using Vendor Remittance, you can ensure that your Receiver General and Quebec Remittances align with the expected values from your Tax Slip Review Listings.
Once your done balancing your tax slips, your ready for the next step in the tax slip process, Repeat Tax Slip Modification, Import, Validation, and Review.