Payroll changes for Ontario, have been rescinded


6/21/2018

The incoming government of Ontario has confirmed that it does not intend to proceed with the changes to the Ontario personal income tax rates, brackets and surtax that were presented in the 2018 Ontario Budget. As a result, on June 19, 2018, the Canada Revenue Agency (CRA) published an updated T4127 Payroll Deductions Formulas guide on their website to exclude the changes to the income tax calculation for Ontario which were scheduled to occur effective July 1, 2018.