EPY: CAN:New Legislation from Canada Revenue Agency
(Doc ID 2541504.1)
Last updated on FEBRUARY 19, 2020
Applies to:PeopleSoft Enterprise HCM Payroll for North America - Version 8.9 and later
Information in this document applies to any platform.
Change in the Income Tax Act/policies that will allow for salary over payment due to an administrative error to be created as a partial Net amount no matter in which year the over payment is recorded (gross less eligible source deductions).
Currently, salary over payments, as defined in Subsection 5(1) of the Income Tax Act, are treated differently based on two CRA policies.
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