Summary
How to enter the employer EI rate when setting up a new employee record.
Resolution
Employee EI Rate:
There's no field to enter Employee's EI rate in Sage 50. Employee EI rate is based on the Tax tables of your Sage 50 Accounting. As a workaround, you can manually enter the amount in Paycheques.
- Select Paycheques.
- Select the Taxes tab.
- Manually adjust the EI for the employee for that paycheque.
Employer EI Factor:
To change the employer's portion of EI:
- Select the Employee record.
- Select the Taxes tab.
- On the right side of Deduct EI, enter EI factor in the Rate field. EI Factor = Employer rate / employee rate.
Note: For 2021, the employee rate is 1.58%, the employer rate is 2.212%. The EI factor is 2.212 / 1.58 = 1.4. Enter 1.4 in the Rate field.
How to set up the payroll module