Assignment 1: Year-end Communication

Instructions

As the payroll professional for a British Columbia based organization you have been asked to create a written year-end communication for employees that will provide them with information on the following:

• When T4 slips will be available and how employees will receive their copy
• Who needs to complete new TD1 form and when they should be submitted to payroll
• What the withholding rates and annual maximums will be for CPP contributions and EI premiums (use the current year rates and maximums)

what's needed 1. T4 Slips

2.. TD1 Forms - PersonalTax Credit Returns

1. TD1 (Federal)

2. TD1BC (Provincial)

3. TD1X

4. T1213

5. When Should You Submit the TD1 Forms?

3. CPP Contributions and El Premiums - New Rates and Maximums for 2025