The Value for Employers Cost Savings Since contributions to CRAs are taken out pre-tax, no payroll taxes are due on the amounts employees contribute to the CRA. Employee Engagement Helping employees save money on their everyday commuting costs can aid in employee retention and recruitment. ...
The tax calculations in Canadian Payroll are complex and take quite a few factors into account. Microsoft Dynamics GP uses a method called Cumulative Averaging that takes into account prior pay periods, the date used, a projected income and how many pay periods have occurred when finding tax...
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