Reports

As of January 1, 2024, employees aged 65 and over who are already receiving their retirement pension can file an application with Revenu Québec to stop their contributions. They use the Revocation of an Election form (RR-50-V) to stop contributing to the Québec Pension Plan (QPP).

In Dayforce, payroll administrators stop QPP deductions for these employees by selecting the QPP Opt Out Form Filed checkbox in the employee's tax record in People.

Updated the Canada CPP/QPP Discrepancy Report to indicate if an employee has opted out of, or is still contributing to QPP.

Updated the Canada Wage and Tax Report to support the new additional maximum pensionable earnings limit for CPP and QPP contributions effective January 1, 2024. When an employee's CPP/QPP pensionable earnings exceed the annual maximum pensionable earnings, the Dayforce tax engine calculates the second additional CPP/QPP contributions and shows them as new line items in the report.

Updated the Payroll Register Report to support the new additional maximum pensionable earnings limit for CPP and QPP contributions effective January 1, 2024. When an employee's CPP/QPP pensionable earnings exceed the annual maximum pensionable earnings, the Dayforce tax engine calculates the second additional CPP/QPP contributions and shows them in a new Memo Taxes section in the Taxes column of the report.

The two new line items in the Memo Taxes section are: Additional CPP-EE for additional employee contributions, and Additional CPP-ER for additional employer contributions.