Balancing payroll

You must run the Generate Annual Report and use one of these report options to help balance your year-end data.
  • Annual Report: Shows employee level details of gross wages, taxable wages, and tax withheld for each tax category as defined in the report parameters.
  • Balancing Report: Shows a summary of Canadian Tax status totals, such as Registered Pension Plan (RPP), Registered Retirement Savings Plan (RRSP), Provincial Medicare Premiums, Employer-Provided Health and Dental benefits, and Group Life Insurance.
  1. Select Payroll > Administration > Reports.
  2. In the Canada Regulatory pane, click Annual Reports.
  3. Click Generate Annual Report.
  4. Specify this information.
    Run Option
    Select a run option.
    Payroll Year
    Select the reporting year.
    Tax Authority
    To include quarterly tax data for a specific tax authority, select the desired authority.
    Tax Category
    Select from these categories:
    • 1 - Employee-Paid Pension Plan
    • 2 - Employee-Paid Employment Insurance
    • 3 - Employer-Paid Pension Plan
    • 4 - Employer-Paid Employment Insurance
    • 15 - Employee-Paid Income Deduction at Source
    • 20 - Employer-Paid Health Tax
    • 21 - Employer-Paid Commission des Normes du Travail (CNT)
    Balancing Report
    To generate a Balancing Report, select this check box.
  5. Click Submit.