New Brunswick Payroll Instructions
For more about Goldenseal payroll accounting software, click here.
New Brunswick uses a 'step' table for income tax withholding calculations. Tax rates and withholding formulas changed in 2021, as did the Federal withholding tax formulas.
Click here for more about Goldenseal payroll accounting software.
HINT-- Turtle Creek Software provides free annual updates for Canadian federal and New Brunswick provincial tax withholding rates.
New Brunswick Provincial LCP
The LCP program has been restored, although most employees probably will not use it.
If your employees take a deduction for the labour-sponsored funds provincial tax credit (LCP), you'll need to create a tax item for their LCP credit. To do that, follow these steps:
You'll also need to assign the LCP credit to the employee. Follow these steps:
If several employees get a different LCP credit amount, each one will require a separate tax item, and a tax package that includes their deduction.
HINT-- Use the Duplicate button in the Tax Item List window to duplicate the first LCP credit, and edit the amount. Then, create tax packages for each employee (use the Duplicate command) and select the LCP Tax Item that you created for each employee.
Goods and Services Tax/Harmonized Sales Tax Credit (204) 983-3933
Saint John Tax Services Office :
126 Prince William Street
Hours of service at the counter: