Information On Sage 300 Tax Table Updates 

Payroll Tax Updates

Sage will be releasing tax table updates for July 1, 2022 for customers who are using Canadian Payroll with Sage 300 v2019, v2020, v2021, or v2022.

Clients running Sage 300 v2019 with Payroll

This will be the last Payroll Tax Table Update offered for Sage 300 v2019 as Sage no longer supports this version.

For a quote to upgrade to Sage 300 v2022, please contact your Account Manager, or submit a ticket at www.baass.com/support.

Income Tax Amendments

Federal Changes

At the time of publishing, there were no federal changes announced.

Provincial and Territorial Tax Changes

You will find on the CRA website the provincial and territorial tax changes effective July 1, 2022. The current figures for the most commonly used rates, amounts, and claim codes can be found in Chapter 8.

Please note that the July Payroll Tax Table Updates affect only British Columbia and New Brunswick. No other province will be affected.   

British Columbia

The Provincial Labour Sponsored Funds Tax Credit rate and amount have been removed from Chapter 8.

New Brunswick

The Government of New Brunswick approved an increase to the basic personal amount from $10,817 to $11,720 effective January 1, 2022.
Due to employees receiving a lower basic personal amount for January – June, 2022, a prorated basic personal amount of $12,623 will apply for the first payroll in July.
The Option 2 personal amounts will not be prorated.
For more information please visit
Payroll Deductions Formulas - 116th Edition Effective July 1, 2022

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