Working with 5-Payroll > 5-3 Payroll Management > 5-3-1 Payroll Calculations > Updating the Canada Pension Plan and Employment Insurance rates and the Default rate and the Default Max

Updating the CPP/QPP and EI rates, the Default Rate, and the Default Max

After closing your payroll year-end and before entering payroll for the new calendar year, you may need to update the CPP/QPP and EI rates and maximums. When the rates and maximums are current, you can update all your employees simultaneously by following this procedure.

Tip: You can use this procedure to update any payroll calculation.

To update CPP/QPP and other rates simultaneously:

1 Open 5-3-1 Payroll Calculations.
2 In the Default Rate box, type the default rate.
3 In the Default Max box, type the default max.
4 On the File menu, click Save.
5 To the message that states, Reminder: Use the 'Options' menu to update Rate/Maximum change(s) to employee records, click OK.
6 On the File menu, click Recall.
7 From the Options menu, click Update Employees > Update Default Rate and Maximum > ALL Employees.
8 To the message that states, Reminder: ALL employees will be updated with this calculation's default rate and maximum. (This calculation will be added to employees who do not currently have it.) Do you want to continue? click Yes.
9 To the message that states, [number] employees have been updated, click OK.
10 All of your employees are now updated with the new CPP and other rates and maximums.

Links to more information . . .

About tax tables for setting up federal and province tax calculations

About calculation types

About pre-built standard payroll calculations

Creating standard payroll calculations

Setting up payroll calculations

More resources

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