Monday Jul 28, 2014

Ontario Budget Tax Increase

The Province of Ontario implemented a budget tax increase effective January 1, 2014 for residents with earnings over $150,000.  This change will result in higher payroll tax deductions for paychecks created September to December.  PeopleSoft has created BUG number 19221668.  PeopleSoft will deliver the required changes in a special stand alone posting after Tax Update 14-D has been delivered.  This change will also be included in Tax Update 14-E.  Additional information can be found on My Oracle Support document 1348833.1.
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This blog is dedicated to topics focused on legislative updates to PeopleSoft Applications including Human Capital Management and Financials.

For other useful information about PeopleSoft Applications see the PeopleSoft Applications Strategy Blog.

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