Swan:

The Bonus income and the RRSP deduction have to be setup. Go to Setup, Settings, Payroll, Incomes and create a Bonus Income. Ensure the column items are ticked off or selected to reflect the calculations. The same goes for the RRSP deduction! Go to linked accounts and ensure you have accounts associated for the Bonus and RRSP. Go to the employee record and turn on the Bonus income and the amount of the RRSP deduction. Once done create the pay cheque to reflect the Bonus and RRSP.

Hope this helps!

I've set up the Bonus Income and have ticked off the tax calculations to be deducted.  I've gone to Payroll/Deduction/ RRSP (as Deduction2)   I ticked "after tax", "after ei" and after CPP" in the  RRSP Expense area.  However I thought that if the Bonus went directly to the RRSP there would be no taxes deducted on the pay chq for the Bonus! Also the employee actually didn't receive that $ on the pay chq.  It was my understanding that when the employee withdrew the RRSP at a later date the taxes would be deducted from that. 

When I created the paychq and applied the Bonus Income (ex $1000.00) entered as well as I entered the $1000 to the "expense RRSP account" in the payroll module,  it then shows the total pay chq to be full amount $1659.00.  But only issued the $659.00 to the employee

Swan:

Bonuses are taxable! Employer paid RRSP's for an employee are taxable as a benefit!

If the RRSP deduction is done through Payroll, it generally goes to RRSP Payable not an expense.

If you want a zero cheque printed with $1000.00 as a benefit and $1000.00 as a deduction, the employee will still end up with $1000. being taxable but the employee will also have the benefit of a $1000. RRSP deduction at tax time.

Swan:

Bonuses are taxable! Employer paid RRSP's for an employee are taxable as a benefit!

If the RRSP deduction is done through Payroll, it generally goes to RRSP Payable not an expense.

If you want a zero cheque printed with $1000.00 as a benefit and $1000.00 as a deduction, the employee will still end up with $1000. being taxable but the employee will also have the benefit of a $1000. RRSP deduction at tax time.