I am looking for instructions to properly set up a RRSP-DPSP benefit plan in Sage CA payroll, The employer is matching up to 3%.

Question

I am looking for instructions to properly set up a RRSP-DPSP benefit plan in Sage CA payroll, The employer is matching up to 3%. Because the employers contributions go into a DPSP are not taxable to the employee, would I just set up the employee deduction in the payroll module?

Chris Goodale · Answer

Set up employee portion as deduction 
 
 Employer Match (RRSP/DPSP), set up liability account, and then add the match to other expense under the payroll item settings. I use the dollar amount as the percentage amount calculates the figure on the total gross pay amount inclusive of taxable benefits or any other amounts. You want this to be entered manually as it based on 3% of gross salary. 
 
 Then allocate each liability account under the remittance tab to the appropriate vendor payee. 
 
 Let me know if you need any more help/ 
 
 Chris

Sage 50 Canada

I am looking for instructions to properly set up a RRSP-DPSP benefit plan in Sage CA payroll, The employer is matching up to 3%.

COMMUNITY

COMPANY

PARTNERS

SUPPORT & TRAINING