I saw this post and thought I would inquire about this also.
If you use the "other earnings", ei & cpp are deducted from the severance payment. According to the CRA, a severance payment is subject to federal/provincial income tax but there should be no ei or cpp deducted. Is there another payment type I can use in QBO that will complete this task (issuing severance pay) in compliance with legislative requirements.
Thank you.
Julie
