Announcements | Samco Software Inc.


Canada Revenue Agency/Ontario Government Implement Personal Tax Increases

Effective September 1st 2014, Samco Software will be updating software in order to comply with the changes outlined below.  The update will be available from mid August 2014. 

This update will be available to all Payroll users, and release notes will also be made available closer to the release date.

According to the Canada Revenue Agency and the Ontario Government they will implement personal tax increases retroactive to January 1, 2014 for employees earning over $150,000

The Canadian Payroll Association summarizes their legislative briefing as follows:

  • Increased taxes from employees earning more than $150,000 to be implemented through higher payroll deductions from September to December and/or on 2014 tax returns
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