Reduced EI Savings - Paying employee portions

I have a reduced EI Rate that I have to issue the savings back to the employees and want to do it on a per-pay-period basis. How do I setup the system?

 

You can setup the system to repay the employees at reduced EI Premium benefit.

Steps:

  1. Go to Setup > Payroll Settings > Payroll Categories.
  2. Click the "+" button.
  3. Create a benefit category.
  4. Add all payroll categories to the formula that are subject to Employment Insurance
  5. Set the formula to be 0.41001 % if your reduced EI Premium is 1.169. Check the CRA if you are not sure: link
  6. On the "Advanced" tab, turn on the "Maximum per year" flag.
  7. Set the value based on employee amount. Check the CRA if you are not sure: link
  8. Assign the category to each employee that is subject to the reduced EI Rate.
  9. Click the Save button.
  10. Create an earning payroll category.
  11. Add the benefit category created above to the formula.
  12. Assign the category to each employee that has the benefit category on their profile.

Optional-Employer Savings category

  1. Head to Setup > Payroll settings > Payroll Categories
  2. Click the "+" button.
  3. Select the benefit category.
  4. Add the benefit category created above to the formula.

Assign the Category to Employees

Steps:

  1. Head to Employees > Master Paycard.
  2. Select the Benefits tab.
  3. Check off the category you have added.

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