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 2023, we recommend doing so now:
Review Your Payroll: Here, you’ll find two reports with your totals for the 2023 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 2023 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 you’re done balancing your tax slips, you’re ready for the next step in the tax slip process: Repeat Tax Slip Modification, Import, Validation, and Review.