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Ontario Budget Tax Increase

Guest Author
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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