Not calculating federal tax deduction properly?
I'm new to this utility, and my employee is under claim code TD1. According to both WebTOD and also the CRA utility, she should be paying $29.78 on earnings of $896 plus $35.84 vacation pay. However, Payment Evolution calculates it to be $35 and change (exact number not handy). Help?
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Thanks for the question - please see our help article Tax and other Deductions Look Wrong
Keep in mind that most systems use TD1 ranges rather than exact TD1 values - which contributes to the variance you see. For example, the CRA calculator will use a range for TD1 values when calculating the exemption amount while your payroll account will use the exact TD1 values.
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