Modifications Made to the Federal Tax Tab of the Government Tables for 2020

 

Varennes, March 2020

 

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This maestro*EXPRESS follows up on the changes made to the Federal Basic Personal Amount formula for 2020 and the addition of a new section in maestro* to this effect.

Indeed, new fields have been created in the Government Tables option in order to enter the values needed for the new Federal Base Personal Amount formula. These new fields will be displayed following the installation of the 3.04.43.35 and 3.05.24.35 maestro* updates. It is therefore recommended to perform the configurations presented in this document right after the update has been installed.

 

IMPORTANT! Companies who have applied the temporary workaround procedure, detailed in the How To Workaround Procedure - Federal Basic Personal Amount (BPAF) for the Year 2020, must reset the value entered in the Additional credits (from TDI) field, of the Employee Management option (Income Taxes tab, Federal section), to zero (0), since maestro* will now manage this calculation through the government tables only.

The amounts to be used come from taxing authorities publications (TP-1015.F for the province of Quebec and T4032 for the federal and all other provinces). They are provided for ease of reference. The customer is responsible for the validation of those amounts.

 

Configurations to Perform in the Federal Tax Tab

 

maestro* > Time Management > Maintenance > Payroll > Government Tables
  1. In the Government Tables option, click on the Federal Tax tab.
  2. Complete the fields in the different sections as presented below.
 

Section 4 corresponds to the fields added in the 3.04.43.35 and 3.05.24.35 updates.

 

Section 1

  1. Enter the following information in section 1, under the Federal Tax tab of the Government Tables option.

Field

Quebec

All Provinces

Basic Deduction

13,229

13,229

Basic Credit Rate

0.1500

0.1500

(Calcul T1) Constant

0.1650

 

 

Section 2 - Tax Rates and Federal Income Thresholds for 2020

  1. Enter the following information in section 2, under the Federal Tax tab of the Governement Tables option.

Provinces

Amount

Rate R

Constant K

All Provinces

0

0.1500

0

48,535

0.2050

2,669

97,069

0.2600

8,008

150,473

0.2900

12,522

214,368

0.3300

21,097

 

Section 3 - Employment Credit

  1. Enter the following information in section 3, under the Federal Tax tab of the Governement Tables option.

Field

Quebec

All Provinces

Rate

0.15

0.15

Maximum

1,245

1,245

 

Section 4 - Basic Deduction Adjustment (New Section)

  1. Enter the following information in section 4, under the Federal Tax tab of the Governement Tables option.

Field

Amount

Adjustment Amount

931

Minimum Income

150,473

Maximum Income

214,368

 

  1. Click on the Save icon.
  2. Click on Quit.
 

In the Employee Management option, Income Taxes tab, Federal section, the amount displayed in the Additional credits (from TD1) field must be the difference of 13,229$ - TD1 form amount. The base deduction of an employee must still be 13,229$, regardless of their salary. If an employee has no credits on the TD1 form, the amount must stay 0.

 

For additional information or explanation concerning the required changes to be made in maestro*, please contact the Software Support Team at 1-877-833-1897.

 

Last modification: September 19, 2024