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Preparing for the new year is as easy as a few clicks

What the Year End Wizard does

  • Carries forward vacation balances
  • Sets reduced EI rate (for eligible employers)
  • Sets TD1 values for employees
  • Sets ON EHT
  • Sets BC EHT
  • Sets QC CNESST and HSF
  • Sets tax tables for the New Year

*Note- you may not see all the pages from this article. Only pages that are relevant to your employees’ province of employment or your company will come up

When to run the Year End Wizard

Start the Year End Wizard after you have completed your  last pay run with a pay date in the current year.  You will be forced to complete if you start a new pay run with a pay date in the new year.

Starting the Year End Wizard

There are 2 ways to start the Year End Wizard

  • Complete Year-End Wizard under Notifications on your dashboard
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  • Start a pay run with pay date in the new year
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    This will prompt you to close the year
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Year End Wizard Screens

Vacation Carry Forward

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  • What is it?- Vacation carry forward notification
  • Who sees it?- Anyone who has employees who bank vacation
  • What does it do?- It notifies you that vacation balances will be moved into the new year.  If you go back and pay out any vacation in the previous year you will need to manually update vacation balances in the new year.  The carry forward only happens one time

Reduced EI

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  • What is it?- Reduced EI rate for employers who have received a lower rate for the company portion of EI
  • Who sees it?- Anyone who already has a reduced EI rate set in their account.  If you have a reduced EI rate for the first time in the new year Contact Us to update it the first time.
  • What does it do?- It allows employers to set their new reduced EI rate for the new year

TD1 Values

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  • What is it?- TD1 forms and grid to update employees if needed
  • Who sees it?- Everyone will see the forms.  Only those with employees who have other than the basic exemption will see the grid.
  • What does it do?- Gives an onscreen option to get new forms (if needed) and allows you to update on screen anyone with other than the basic exemption.  If you do not update those employees before completing the wizard they will be set to the basic rates for the new year.

Ontario EHT

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  • What is it?- ON EHT questionnaire
  • Who sees it?- Anyone who has employees with a province of employment in ON
  • What does it do?- It asks basic questions and based on your answers sets your ON EHT exemption and EHT rate for the new year.  You can review your settings under SETTINGS>PAY RULES>COMPANY RULES

British Columbia EHT

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  • What is it?- BC EHT questionnaire
  • Who sees it?- Anyone who has employees with a province of employment in BC
  • What does it do?- It asks a series of questions and based  on your answers sets your BC EHT exemption and EHT rate for the new year.  If you are part of an associated group of companies you can modify the exemption on screen.  You can review your settings under SETTINGS>PAY RULES>COMPANY RULES

CNESST and HSF

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  • What is it?-Free form entry of CNESST and HSF rates
  • Who sees it?- Anyone with employees with a province of employment in QC
  • What does it do?- Allows free form entry for your CNESST and HSF rates.  HSF will default to the rate on-screen if none is entered. You can review your settings under SETTINGS>PAY RULES>COMPANY RULES

Click Finish and your new year tax tables will be loaded and you are all set to run payroll in the new year!

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