2016 payroll update

SUGGESTED

After installing 2016 payroll update, TD1 Federal Claim has not updated to $11,474 for employees who have been here for 2 years or longer. Provincial credit has updated.

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    SUGGESTED
    Hello, the TD1 revision function will increase the existing amount by the pre-determined percentage. Therefore if the amount was incorrect to start with, the percentage increase would also be incorrect. You can manually update this amount to the correct amount for 2016. Come next year, verify that the tax credit is correct and when you run the TD1 revision with next year's payroll update it would be correct.