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The Payroll Deductions Formulas for Computer Programs (T4127) effective January 1, 2014, is now available on the CRA Web site.
Use this guide if you are a payroll software provider or a company which develops its own in-house payroll solution.
This guide has the formulas you need to determine federal, provincial (except Quebec), and territorial income taxes, Canada Pension Plan (CPP) contributions, and employment insurance (EI) premium deductions. The formulas also let you calculate payroll deductions for special cases such as commission, pension income, bonuses, and retroactive pay increases.
Click here to see if this guide is for you.