Checklist of Year End Time Sensitive Tasks to be Completed - CCIM

Checklist of Year End Time Sensitive Tasks to be CompletedTaskDescription Things to Consider Page#Check Mark9 Edit and Futuredate Federaland ProvincialPersonalExemptionsYou may updatethe TD1 valuesnow and futuredate the entries tobegin with the firstdate of the first payperiod of 2013.Check the CRA websitefor 2013 values. Youmay want to askemployees if they wisha TD1 value other thanbasic. Rememberwhen updating valuesto use the first date ofthe first pay period of2013. If you wish to runthe Federal andProvincial TD1 Reportsfor the current year tosee current values, thereports must be runprior to closing the lastpay period of the yearas values by defaultreturn to basic with thefirst pay period of theyear.100-10110 Edit and Futuredate EI reducedrates, EHT,WSIB, UnionDues, Benefitand PensionPlan rates andYMPE?You may updatethese rates nowand future date theentries to beginwith the first date ofthe first pay periodof2013.Remember whenupdating values to usethe first date of the firstpay period of 2013.105,106,112, 113,13511 Delete Extra PayPeriods in thecurrent year ifrequired.Delete pay periodsif there are morethan required. Usecaution – youcannot reverse thedeletion.Must be completedbefore the extra payperiod is processed.93-9612 Create a NewPay roll YearA new pay roll yearmust be creatednow or beforeclosing the last payperiod of thecurrent year.Create a new pay rollyear, add StatutoryHolidays and edit payperiods if required.77-90