Hi -fordplasticsurg,
Welcome to Community! When running payroll for your employees, having the correct calculations applied is essential. QuickBooks Online Payroll makes it easy to set up your employees to ensure all deductions and contributions are accurate. I'd be happy to assist you with this.
Depending on the amount you are paying an employee, and what time of year it is, an employee may have reached the yearly limit for their CPP and EI contributions. Follow these steps to determine an employee's year-to-date contributions and deductions:
1. Open Reports from the left menu
2. In the Search field, type and enter Payroll summary by employee
3. Review what the employee payroll details for the calendar year
4.Cross-reference with the latest EI maximum limits from the CRA's EI premium rates, and maximums.
If an employee is over the limit, QuickBooks will stop calculating amounts for the source deductions.
Should you require additional assistance, please don't hesitate to contact us. It would provide a great opportunity for us to work with you on a personal level, and assist you with accomplishing your QuickBooks goals as soon as possible!
Feel free to reach out again, if you have any other questions. We would be happy to assist!
