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Setup of RRSP Bonus Element for Canada

edited Apr 5, 2018 5:00AM in Payroll and OTL - EBS (MOSC) 1 commentAnswered

Hi All,

I am trying to setup a RRSP Bonus element for Canada.

Can anyone suggest what should be the values for the Tax Processing Type - Should it be setup as Lump Sum or Non Periodic?

Also are the other values correct?

Classification - Supplemental Earnings

Category - Bonus

Calculation Rule - Flat Amount

Tax Processing Type - Lump Sum or Non Periodic ?

Year End Form - T4A/RL1

Based on the setups others are using, I was hoping someone can help me with the correct setup.

Regards,

-Debo

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