GP 2015 Tax and Year End Updates End Mid-April
Let’s face it, with the COVID-19 subsidy changes the federal government is making almost weekly, it is anyone’s guess as to whether there will be a mid-year tax update required for Dynamic GP.
If your company has a current version (2016 or newer), you will automatically be able to update the tax tables as soon as Microsoft releases them, which in the past has been early July.
However, if you’re running GP 2015 and Canadian payroll, any mid-year tax table updates will not be applicable. If you were planning to do the upgrade this year so you would be ready for December year-end, you may be in a challenging position if CRA does announce mid-year updates. We won’t know if the mid-year tax updates are happening until early June. [+]