Summary
How to start a new calendar year and deal with paycheque processing.
Resolution
- When you advance the calendar year, it closes the previous payroll calendar year including tax calculations
- If you start a new calendar year and you have to process payroll in the current calendar year, the payroll tax calculations will no longer be automatic and must be entered manually
Option 1: I have not started a new year yet
- Wait until payroll is done before starting the new calendar year.
Option 2: I need to force start a new year but do payroll for the current period
- Taxes for paycheques for your current calendar year will have to be calculated manually.
- Follow How to get the payroll tax deduction amounts from the CRA Payroll Deductions Online Calculation (PDOC) website.
Option 3: I accidentally started a new year
- Restore a backup of a proper calendar year.