The Release notes of the Canadian Payroll January 1, 2022 tax table stated:
The federal indexation factor effective January 1, 2022 is 2.4%.
Shouldn't it be 4.27% ?
The 2021 Basic exemption was $13,808 and the 2022 exemption is $14,398.
The Release notes of the Canadian Payroll January 1, 2022 tax table stated:
The federal indexation factor effective January 1, 2022 is 2.4%.
Shouldn't it be 4.27% ?
The 2021 Basic exemption was $13,808 and the 2022 exemption is $14,398.
Agreed. Sage is using the worksheet which should be used ONLY IF your net income is going to be over $155,625. Of course Sage has the wrong worksheet, again.
*Community Hub is the new name for Sage City