Payroll Tax tables are available – Effective from July 1st, 2023 to December 31, 2023

New Payroll Tax tables are available for 1st July 2023 – QuickBooks Desktop.

Download the latest payroll update anytime while in QuickBooks:

  1. Select Update QuickBooks from the Help menu.

  2. Go to the Update Now tab.

  3. Select Get Updates.

  4. Select File, then Exit.

  5. Restart QuickBooks Desktop.

Close QuickBooks and when reopened it will ask for “Install Update”
As a good practice, please ensure to backup your data, before installing the update. Only for QuickBooks Desktop Users

Once, your tax tables are installed, to confirm complete the below steps:

  • On the Home Page or QuickBooks Menu Bar (On top)

  • Go to the Employees

  • Click My Payroll Service

  • Tax Table Information

You should see as below:

 

 

CRA Table T4127 – Payroll Deductions Formulas

 

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