Payroll News & Notices
November 2018 | UFV Closures and Effects on Pay Dates for December
UFV will be closed from Monday, December 24th, 2018 at 12:00pm until January 2nd, 2019 at 8:30am
Pay dates for December: December 14th, 2018 and December 21st, 2018
Timesheet due dates for December: December 7th, 2018 and December 14th, 2018
Timesheets for the period of December 8th to 23rd are due in Payroll on December 14th, and will require "expected hours" for time from December 14th to 23rd. Any variances of actual hours should be adjusted on the first timesheet of January (due in Payroll January 8th, 2019).
November 2018 | Next Stat Holidays
Christmas Day: Tuesday, December 25th, 2018 (UFV Closed)
Boxing Day: Wednesday, December 26th, 2018 (UFV Closed)
New Year's Day: Tuesday, January 1st, 2019 (UFV Closed)
For hourly employees, please only record these dates on your timesheet if they were actually worked, and include a comment for your supervisor's verification.
November 2018 | 2019 CPP and EI Rates
Please Note: Effective January 1st, 2019 CPP and EI will begin to be deducted from your pay again if you had reached the yearly maximum for 2018.
Canada Pension Plan (CPP)
For 2019, the maximum pensionable earnings are $57,400 and the basic exemption for the year is $3,500. The contribution rate for employees is 5.1%. The maximum an employee can contribute for the year is $2,748.90.
Employment Insurance (EI)
For 2019, the maximum annual insurable earnings are $53,100 and the EI premium rate is 1.62%, for a maximum annual premium of $860.22.
November 2018 | Tax Forms (TD1 and TD1BC)
If you had claimed any amounts others than the "Basic Personal Amount" on your 2018 TD1 or TD1BC forms please make sure you review your claimed amounts for 2019 as some amounts may change or be eliminated on the 2019 forms. Complete the 2019 form and submit to Payroll as soon as possible.
2019 Forms available online: https://www.canada.ca/en/revenue-agency/services/forms-publications/td1-personal-tax-credits-returns/td1-forms-pay-received-on-january-1-later.html
November 2018 | SIN Verification Requirements
All new employees will be asked to present a SIN card/letter to Payroll for verification of correct SIN and full legal name for T4 reporting and filing purposes.