Nontaxable Btax Employer Match Contribution Incorrect For Savings Plans (Canadian) On Paychecks With Earnings Taxed on Different Tax Bases When Employee Contributes a Flat Amount
(Doc ID 2436747.1)
Last updated on JANUARY 11, 2021
Applies to:PeopleSoft Enterprise HCM Human Resources - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
When a Canadian employee who is contributing a Flat Amount (not a percentage) to a Savings Plan is paid both regular earnings and bonuses, which are taxed on different bases, the employer match does not calculate correctly.
1. Enroll employee in Savings Plan (Canadian) with flat contribution (Navigation: Benefits > Enroll in Benefits > Savings Plans).
2. Create paysheets (Navigation: Payroll for North America > Payroll Processing CAN > Create and Load Paysheets > Create Paysheets).
3. On the employee's paysheet, add a bonus (Navigation: Payroll for North America > Payroll Processing CAN > Update Paysheets > By Payline).
4. Calculate the paychecks (Navigation: Payroll for North America > Payroll Processing CAN > Produce Payroll > Calculate Payroll).
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