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Payroll Modifications Effective January 1, 2024

Version in date of January 6, 2024

Please note that changes have been made to this document since it was first published. All changes have been highlighted in purple to make the correction of these amounts easier.

Take note of these changes:

• The maximum salary for 2024 labour standards applicable to the province of Quebec
• The two new surtax amounts for the province of Ontario in 2024
• The 2024 federal basic deduction for provinces throughout Canada
• Employment Tax Credit for Quebec in 2024

Printable Document

 

This maestro*EXPRESS offers guidelines to update payroll calculation parameters. The amounts to be used are provided for general guidance only. The information is taken from publications issued by tax authorities (TP-1015.F-V by Revenu Québec and T4127 by the Canada Revenue Agency).

 

These changes should be made after the last 2023 payroll but before processing your first 2024 payroll.

 

We would like to remind users that it is their responsibility to validate the appropriate rates and stay up to date on any subsequent changes. It is therefore recommended to validate the data entered in maestro*. The information included in this document is provided for information purposes only.

 

The values in the tables of this document are specific to each province and territory; where there are no corresponding values in the table, leave the field empty in maestro*. The screenshots in this document can come from different versions of maestro*, may differ from your current version and/or display previous years.

 

Summary

To access a specific section, click the corresponding link:

• Defining the 2024 Payroll Periods
  • Setting up the Payroll Periods
• Modifications to Quebec Payroll
  • Defining the AECQ Contribution Date (Applicable to CCQ-Regulated Employees)
• Modifications to Government Tables
  • Provincial Rates Tab
    • Provincial Rates for 2024
    • Safety Board Amount / Annual Max.
    • W/C – CSST Provision (Quebec only)
    • Insurance Tax Rate for 2024 – (Quebec Only)
    • Labour Standards for 2024 – (Quebec Only)
  • Federal Rates Tab
    • Federal Rates for 2024
  • Provincial Tax Tab
    • Provincial Tax for 2024
    • Nova Scotia Additional Basic Deduction Table
    • Income Tax Table
    • Health Care Deduction Table – (Ontario Only)
    • Applicable Tax Reduction Table – (Only Ontario and British Columbia)
  • Federal Tax Tab
    • Tax Rate and Federal Income Thresholds for 2024
    • Employment Tax Credit
    • Basic Deduction Adjustment

 

Defining the 2024 Payroll Periods

REMINDER: When you close the last 2023 pay period and transfer to accounting, the vacation balance and advances will be added to the starting cumulative amounts for the new year.

 

Setting up the Payroll Periods

maestro* > Time Management > Maintenance > Payroll > Set Pay Periods

1. On the Set Pay Periods window, click the New icon.
2. Enter the Year of the defined payroll period.
3. Enter the Committee affected by the defined payroll period.
4. Enter the number of pay periods that apply to the committee for the new year.

To determine the number of pay periods for a committee, we have to take into account: the last paid day of the previous taxation year, the frequence at which employees in this committee get paid, and the last day worked, for which the payment date belongs to the same calendar year. Indeed, it is the paycheque date that determines to which taxation year the payroll belongs to (whether the payment is done via cheque or direct deposit).

5. Enter the start of the year date, end of the year date, and the number of periods.
6. Click the Apply icon to view the pay periods in the grid.
7. Click the Save icon.
8. Repeat steps 1 to 7 until all pay periods are set up for all committees.

Once these new pay periods created for the first committee, maestro* will offer to automatically create the same pay periods for all other committees for which identical periods were created the previous year.

9. Click the Quit.

 

The new periods will only be visible in the selections when the active payroll year is 2024.

 

Modifications to Quebec Payroll

Defining the AECQ Contribution Date (Applicable to CCQ-Regulated Employees)

maestro* > Time Management > Maintenance > Payroll > Define Committees

The Association des entrepreneurs en construction du Québec (AECQ) contribution must be paid in a single instalment, in full, on November 15 of each year. To change the payment date, you must enter the date October 15, 2024, in the Define Committees option, as shown below, and save the modification.

 

Modifications to Government Tables

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

1. In the Government Tables window, Detail section, select the code of the province for which you want to change the tax parameters.
2. Where required, enter the appropriate information in the various tabs and sections, as described in the following pages.

 

Provincial Rates Tab

Provincial Rates for 2024

Enhancement to the Quebec Pension Plan (QPP)

To align itself with the Canada Pension Plan (CPP) contribution rate enhancement, the Québec Pension Plan (QPP) introduces a second earning ceiling in 2024, which will be used to determine the second additional contribution rate to the QPP (CPP at the federal level). This amount of this new ceiling is $73,200.

The second contribution will be calculated at a 4% rate when the first ceiling has been reached. This second contribution is fully tax-deductible, which will result in a slight tax reduction when the first ceiling is reached, and then a slight tax increase when the second ceiling is reached.

For more information concerning the second additional contribution to the QPP, please refer to the following pages on the Government of Quebec website:

• Quebec Pension Plan Contributions
• Enhancement of the Quebec Pension Plan

To complete in Section 1 of the Government Tables option.

 

Fields	Quebec	Ontario
QPP - Factor/Rate (Employee section)	0.0640
QPP - Basic Exempt. ($) (Employee section) Basic general exemption	3,500
QPP - Annual Max. ($) (Employee section) Maximal employee contribution	4,160.00
QPP - Factor/Rate (Employer section)	1.00
QPP Additional Rate	0.01
Second QPP Additional Rate	0.04
QPP - Annual Max. ($) (2nd additional contribution) (Employee section)	188.00
Parental Insurance - Factor/Rate (Employee section)	0.00494
Parental Insurance - Annual Max. ($) (Employee section)	464.36
Parental Insurance - Factor/Rate (Employer section)	0.00692
Parental Insurance - Annual Max. ($) (Employer section)	650.48
Healthcare Deduction (Employer section)	Between 0.0165 and 0.0426	Between 0.0098 and 0.0195

 

British Columbia Employer Health Tax Since January 1, 2019, British Columbia employers with remuneration higher than $500,000 must register for the Employer Health Tax. The employer health tax applies to remuneration paid to employees who: report for work at an employer’s permanent establishment located in British Columbia, or do not report for work at an employer’s permanent establishment, but are paid by an employer’s establishment located in British Columbia. Employers affected by this new health tax can obtain additional information – which covers the required steps to configure the tax in maestro* – by referring to the maestro*EXPRESS titled British Columbia Employer Health Tax Starting January 1, 2019.

 

Safety Board Amount / Annual Max.

Enter in Section 2 – Safety Board of the Government Tables option.

Click the Define WC/CSST icon to enter the weekly and yearly values, then save.

You MUST enter the effective start date to ensure no previous values get overwritten. Furthermore, to view the change made to the Define WC/CSST amount, modify the computer date to one in 2024.

 

Provinces and Territories	Safety Board
	Weekly Maximum ($)	Annual Maximum ($)
Quebec	1,802.84	94,000
Ontario		112,500
Alberta		104,600
British Columbia		116,700
Prince Edward Island		78,400
Manitoba		160,510
New Brunswick		76,900
Nova Scotia		72,500
Nunavut		110,600
Saskatchewan		99,945
Newfoundland and Labrador		76,955
Northwest Territories		110,600
Yukon		102,017

 

W/C – CSST Provision (Quebec only)

Enter in Section 2 – W/C - CSST Provision of the Government Tables option.

 

Fields	Quebec
W/C – CSST Provision
Rate

 

Insurance Tax Rate for 2024 – (Quebec Only)

Enter in Section 3 - Other of the Government Tables option.

 

Fields	Quebec
Insurance Tax Rate	9.00

 

Labour Standards for 2024 – (Quebec Only)

Enter in Section 4 of the Government Tables option.

 

Fields	Quebec
Max. Labour	94 ,000
Rate Represents the contribution rate for the Commission des normes du travail (CNT, now CNESST) financing	0.06

 

Federal Rates Tab

Federal Rates for 2024

Increase of the insurable remuneration maximum for employment insurance

This rate is directly managed by maestro*. The insurable remuneration maximum for employment insurance will increase from $61,500 to $63,200.

To know the annual and proportional rates of your reduction premiums for 2024, consult the following link: EI Premium Reduction Program

Enhancement to the Canada Pension Plan (CPP)

The Canada Pension Plan (CPP) introduces a second earning ceiling in 2024, which will be used to determine the second additional contribution rate to the CPP. This amount of this new ceiling is $73,200.

The second contribution will be calculated at a 4% rate when the first ceiling has been reached. This second contribution is fully tax-deductible, which will result in a slight tax reduction when the first ceiling is reached, and then a slight tax increase when the second ceiling is reached.

For more information concerning the second additional contribution to the CPP, please refer to the following pages on the Government of Canada website:

• The Canada Pension Plan enhancement – Businesses, individuals, and self-employed: what it means for you
• Calculate payroll deductions and contributions - Get ready to make deductions
• Types of pension plans

Complete the following window using the values specific to your province.

 

Provinces and Territories	Quebec	All Other Provinces
Employment Insurance - Factor/Rate (Employee section) Employment Insurance Contribution Rate	0.0132	0.0166
Employment Insurance - Annual Max.($) (Employee section) Employee Contributions Max. Yearly Amount	834.24	1,049.12
Employment Insurance - Factor/Rate (Employer section)	1.40	1.40
Pension Plan - Factor/Rate (Employee section)		0.0595
Pension Plan - Basic Exempt.($) (Employee section)		3,500
Pension Plan - Annual Max.($) (Employee section)		3,867.50
Pension Plan - Factor/Rate (Employer section)		1.0
CPP Additional Rate		0.01
Second CPP Additional Rate		0,04
CPP - Annual Max. ($) (2nd additional contribution) (Employee section)		188.00

 

Provincial Tax Tab

 

Provincial Tax for 2024

Enter in Section 1 of the Government Tables option.

 

Please note that, starting in 2024, the surtax for Prince Edward Island has been eliminated. It is therefore mandatory to set the Surtax - Level 1 and Rate - Surtax 1 to 0.

 

Quebec Fields Quebec Mode Quebec Basic Deduction 18,056 Constant A 0.0600 Maximum B 1,380 Credit Rate 0 .14 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2	Ontario Fields Ontario Mode Ontario Basic Deduction 12,399 Constant A   Maximum B   Credit Rate 0.0505 Surtax - Level 1 5 ,554 Rate - Surtax 1 0.200 Surtax - Level 2 7 ,108 Rate - Surtax 2 0.360
Alberta Fields Alberta Mode Alberta Basic Deduction 21,885 Constant A   Maximum B   Credit Rate 0.10 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2	British Columbia Fields British Columbia Mode British Columbia Basic Deduction 12,580 Constant A   Maximum B   Credit Rate 0.0506 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2
Prince Edward Island Fields Prince Edward Island Mode Prince Edward Island Basic Deduction 13,500 Constant A   Maximum B   Credit Rate 0.0965 Surtax - Level 1 0 Rate - Surtax 1 0 Surtax - Level 2   Rate - Surtax 2	Manitoba Fields Manitoba Mode Manitoba Basic Deduction 15,780 Constant A   Maximum B   Credit Rate 0.1080 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2
New Brunswick Fields New Brunswick Mode N.B. Basic Deduction 13,044 Constant A   Maximum B   Credit Rate 0.0940 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2	Nova Scotia Fields Nova Scotia Mode N.S. Basic Deduction 8 ,481 Constant A   Maximum B   Credit Rate 0.0879 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2
Nunavut Fields Nunavut Mode Nunavut Basic Deduction 18,767 Constant A   Maximum B   Credit Rate 0.0400 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2	Saskatchewan Fields Saskatchewan Mode Sask. Basic Deduction 18,491 Constant A   Maximum B   Credit Rate 0.1050 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2
Newfoundland and Labrador Fields Newfoundland Mode NFLD Basic Deduction 10,818 Constant A   Maximum B   Credit Rate 0.0870 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2	Northwest Territories Fields Northwest Territories Mode N.W.T. Basic Deduction 17,373 Constant A   Maximum B   Credit Rate 0.0590 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2
Yukon Fields Yukon Mode Yukon Basic Deduction 15,705 Constant A   Maximum B   Credit Rate 0.0640 Surtax - Level 1   Rate - Surtax 1   Surtax - Level 2   Rate - Surtax 2

Nova Scotia Additional Basic Deduction Table

Starting in 2018, the basic deduction amount was increased by $3,000 – going from $8,481 to $11,481. An individual whose taxable income does not exceed $25,000 will be authorized to claim the full $3,000 increase. Those with a taxable income over $25,000 will see the increase reduced by 6% of their taxable income. Last, individuals whose taxable income is $75,000 or more will not benefit from any increase.

 

Enter in Section 4 of the Government Tables option.

 

Fields	Nova Scotia
Basic Personal Amount ($)	3,000
Minimum Income ($)	25,000
Maximum Income ($)	75,000
Adjustment Rate	0.06

 

Income Tax Table

Enter in Section 2 of the Government Tables option.

 

(Indexation of Taxable Income)

Provinces and Territories	Amount ($)	Constant K	Rate T
Quebec	0 51,780 103,545 126,000	0 2,589 7,766 9,971	14.00 19.00 24.00 25.75
Ontario	0 51,446 102,894 150,000 220,000	0 2,109 4,177 5,677 7,877	5.05 9.15 11.16 12.16 13.16
Alberta	0 148,269 177,922 237,230 355,845	0 2,965 4,745 7,117 10,675	10.00 12.00 13.00 14.00 15.00
British Columbia	0 47,937 95,875 110,076 133,664 181,232 252,752	0 1,266 3,950 5,920 9,142 12,948 22,299	5.06 7.70 10.50 12.29 14.70 16.80 20.50
Prince Edward Island	0 32,656 64,313 105,000 140,000	0 1,300 3,242 4,659 5,709	9.65 13.63 16.65 18,00 18,75
Manitoba	0 47,000 100,000	0 917 5,567	10.80 12.75 17.40
New Brunswick	0 49,958 99,916 185,064	0 2,298 4,296 10,774	9.40 14.00 16.00 19.50
Nova Scotia	0 29,590 59,180 93,000 150,000	0 1,823 2,841 3,613 8,863	8.79 14.95 16.67 17.50 21.00
Nunavut	0 53,268 106,537 173,205	0 1,598 3,729 8,059	4.00 7.00 9.00 11.50
Saskatchewan	0 52,057 148,734	0 1,041 4,016	10.50 12.50 14.50
Newfoundland and Labrador	0 43,198 86,395 154,244 215,943 275,870 551,739 1,103,478	0 2,505 3,629 6,713 11,032 13,791 16,550 22,067	8.70 14.50 15.80 17.80 19.80 20.80 21.30 21.80
Northwest Territories	0 50,597 101,198 164,525	0 1,366 5,009 8,053	5.90 8.60 12.20 14.05
Yukon	0 55,867 111,733 173,205 500,000	0 1,453 3,575 6,866 17,866	6.40 9.00 10.90 12.80 15.00

 

Health Care Deduction Table – (Ontario Only)

Enter in Section 3 of the Government Tables option.

 

Applicable Province	Amount ($)	Constant	Rate	Maximum
Ontario	20,000	0	0.06	300
	36,000	300	0.06	450
	48,000	450	0.25	600
	72,000	600	0.25	750
	200,000	750	0.25	900

 

Applicable Tax Reduction Table – (Only Ontario and British Columbia)

Enter in Section 4 of the Government Tables option.

 

 

Fields	Ontario	British Columbia
Basic Personal Amount ($) NOTE: For the province of Ontario only, the base amount is $286, however, you will need to enter $572 because maestro* must calculate $286x 2.	572	547
Amount for Eligible Dependents	529
Minimum Income		24,338
Maximum Income		39,703
Adjustment Rate		0.0356

 

Federal Tax Tab

 

Enter in Section 1 of the Government Tables option.

 

Fields	Quebec	All Provinces
Basic Deduction	15 ,705	15 ,705
Basix Credit Rate	0.1500	0.1500
(Calcul T1) Constant	0.1650

 

Tax Rate and Federal Income Thresholds for 2024

Enter in Section 2 of the Government Tables option.

 

Provinces	Amount	Rate R	Constant K
All Provinces	0	0.1500	0
	55,867	0.2050	3,073
	111,733	0.2600	9,218
	173,205	0.2900	14,414
	246,752	0.3300	24,284

 

Employment Tax Credit

Enter in Section 3 of the Government Tables option.

 

Fields	Quebec	All Provinces
Rate	0.15	0.15
Maximum	1 ,433	1,433

 

Basic Deduction Adjustment

Enter in Section 4 of the Government Tables option.

 

Fields	Amount
Adjustment Amount	1,549
Minimum Income	173,205
Maximum Income	246,752

 

Do not forget to save the data before closing the option.

 

For additional information or explanation concerning the required changes to be made in maestro*, please contact Software Support through the Guide portal.

 

Version in date of January 5, 2024