Bonus payment

SOLVED

Hi,


I have a question regarding bonus payment.
There is  a person received bonus check, $500. and It was paid on different date from regular salary.

Her regular salary is $1000 .She receives the amount on 15th and at the end of the month.

When I made the bonus cheque; I just entered  $500.00 as a bonus.into simply accounting. I didn’t calculate CPP EI Tax manually.

Was I make a mistake ?

There is one more regular paycheque to make ,until the end of the year. Do I need to adjust CPP EI Income tax  when I make the next cheque?  If so, how?

Is there anyone who could advise me?

Parents Reply
  • 0 in reply to A. Kinneard

    Hi thank you for your reply.

    I have a question .

    this is about CRA online calculator when I calculate deductions in bonus payment.

    1 Should I select  “salary “  for the type of calculation when I use  CRA online calculator ?

    2. if I were to choose “salary” , which pay period should I choose in salary calculation step 1 of 3 

    Normaly ,she receives semi monthly . But this bonus is extra . She receives paycheque 25 times this year.

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