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Rachel Jansen

Upcoming Changes to Sage 300 Canadian Payroll for the 2020 Tax Year

Posted By

Sage is constantly monitoring regulatory changes that affect Payroll for the US and Canada. As such, we are aware of new requirements from the Canada Revenue Agency (CRA) concerning T4 Slips and Statement of Remuneration Paid during COVID-19 pay periods.

We are in the process of reviewing the new requirements for the upcoming Q4 2020 update to Sage 300 Canadian Payroll. This update is planned to be released in December 2020. The announcement for this release will be posted on Sage City to the Sage 300 Announcements, News, and Alerts forum.

From the Sage North America Team.

Top Replies

Parents

  • If we install and activate the Q4 2020 tax table and we process a payroll with a December check date, will it calculate the taxes based on the 2020 or 2021 tax table?

  • in reply to ReyC

    It will use the 2021 tax tables.  Best time to install & activate the Q4 2020 tax table is after your last December payroll is completed and before your first payroll in January. 

  • in reply to The Equation Team

    We are using Sage Online, they have the notice up for the Mtce to be completed on December 19, 2020, which I would think will include this update for the Canadian Payroll Tax.  Will I still be able to run one more payroll using the tax tables for 2020 after they complete this payroll tax update? If I'm not mistaken, as long as I don't complete the "Data Activation" under the Admin Services I hopefully will still have access to the 2020 tax tables? Once done, then I can run the Data Activation to get the 2021 Cdn Tax Tables?

Reply
  • in reply to The Equation Team

    We are using Sage Online, they have the notice up for the Mtce to be completed on December 19, 2020, which I would think will include this update for the Canadian Payroll Tax.  Will I still be able to run one more payroll using the tax tables for 2020 after they complete this payroll tax update? If I'm not mistaken, as long as I don't complete the "Data Activation" under the Admin Services I hopefully will still have access to the 2020 tax tables? Once done, then I can run the Data Activation to get the 2021 Cdn Tax Tables?

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