Changes to Government Tables Effective July 1, 2018

Varennes, June 2018

As published by the Canada Revenue Agency (CRA) in the T4127 Payroll Deductions Formulas guide, available on the CRA website, changes to income taxes were announced for the province of Prince Edward Island: the basic personal amount will increase to $8,660 for taxation year 2018.

Other modifications based the Ontario budget initially submitted on March 28, 2018, were also planned. However, the provincial government officials have recently reported that the new Ontario government does not intend to go forward with the changes to the personal income tax rates, income thresholds, and surtax.

This maestro*EXPRESS has been modified accordingly before being sent.

It is the users’ responsibility to validate the appropriate rates and numbers and stay current on any subsequent change; verifying the data entered in maestro* is therefore recommended. The various rates and amounts contained in this document are provided strictly for information purposes.

Government tables

This maestro*EXPRESS describes the steps required to update the parameters used in the payroll calculation. Modifications are made in the maestro* Government Tables option, under the Provincial Tax tab.

Changes must be made after the last June 2018 pay, which means they should be made before processing July’s first pay.

The screenshots in this document are from version 3.04 and may differ from the version you are currently using.

Steps

maestro* > Time Management > Maintenance > Payroll > Government Tables

Changes are made in one of the window’s four sections, depending on the related data.

Modifications to the Prince Edward Island Government Income Tax Information

In the Summary section, select the appropriate province Code.
In the Detail section, under the Provincial Tax tab, make sure the selected Mode is Prince Edward Island then enter the table’s data into section 1 of the window as shown in the screen shot above.

Fields

Prince Edward Island

Basic Deduction

Change $9,160

Constant A

Maximum B

Credit Rate

0.098

Surtax Level 1

$12,500

Rate - Surtax 1

0.100

Surtax Level 2

Rate - Surtax 2

Fields	Prince Edward Island
Basic Deduction	Change $9,160
Constant A
Maximum B
Credit Rate	0.098
Surtax Level 1	$12,500
Rate - Surtax 1	0.100
Surtax Level 2
Rate - Surtax 2

As indicated above, the province announced an increase to the basic personal amount to $8,660 for 2018 (compared to $8,160).

Since $8,160 has been used for employees for the first six months of this year, a basic personal amount of $9,160 will be applied for the remaining six months commencing with the first payroll in July.

Should you require additional information on the changes to be performed in maestro*, please contact the Customer Support Department by phone at 1-877-833-1897, by email at support@maestro.ca.