Sage 300

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CPP2 calculating early

Posted By BWestly 2 months ago

I understand that CPP2 isn't supposed to kick in until the regular maximum is reached, but I have a case where it has already starting taking CPP2 for an employee even though it's only February and he only has ~$12,000 in earnings so far. Other employees earn way more than this person and it isn't calculating for them. Any ideas of why this would be happening?

0 DCrampton 2 months ago

Hi BWESTLY,

The issue has to do with "Non-Periodic Payments" for earnings, the CPP2 was being calculated as an "Annualized Amount" it was basically taking the amount earned in the payroll and calculating it as an annualized amount.

This has been fixed in the SR 1 January 31st Update.

Sage 300 Canadian Payroll Product Update January 31, 2024

Please visit the Knowledge and look for the latest tax update.

Download Sage 300 Payroll Updates

Regards,

DCrampton
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0 BWestly 2 months ago in reply to DCrampton

Thank you for the swift reply. I've let everyone know to update payroll with the SR1.
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Sage 300

CPP2 calculating early

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