Source: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/t4032/2013/t4032yt-gnrlnf-eng.html
Timestamp: 2015-12-01 23:42:55
Document Index: 657352181

Matched Legal Cases: ['art 2', 'art 4', 'art 2', 'art 3', 'art 4', 'art 4', 'art 2', 'art 2']

T4032-YT - Payroll Deductions Tables - CPP, EI, and income tax deductions - Yukon - Effective January 1, 2013
T4032-YT(E) Rev. 13
Territorial tax for 2013
Territorial indexing for 2013
Chart 2 – 2013 Yukon tax rates and income thresholds
Chart 4 – 2013 Yukon claim codes
There are no changes to the Yukon income tax rates for 2013.
The territorial income thresholds, the Canada employment credit and some personal amounts have been indexed for 2013.
This publication is intended for the employer and the payer. It contains tables for federal and territorial tax deductions, CPP contributions and EI premiums. It will help you determine the payroll deductions for your employees or pensioners.
Basic personal amount. $11,038
For 2013, the territorial income thresholds, the personal amount and the Canada Employment Credit have been indexed based on changes in the consumer price index.
The indexing factor for January 1, 2013, is 2%. The tax credits corresponding to the claim codes in the tables have been indexed accordingly. Employees will automatically receive the indexing increase, whether or not they file Form TD1YT, 2013 Yukon Personal Tax Credits Return.
For 2013, the territorial tax rates and income thresholds are revised as follows:
Chart 2– 2013 Yukon tax rates and income thresholds
0.00 to 43,561.00
For 2013, Yukons surtax is as follows:
where the basic territorial tax payable is less than or equal to $6,000, the surtax is $0; and
where the basic territorial tax payable is greater than $6,000, the rate is 5% of the basic territorial tax payable over $6,000.
The non-refundable tax credit, Canada employment amount is built into the territorial payroll deductions tables. The territorial Canada employment amount is the lesser of the following amounts:
The maximum annual non-refundable tax credit is $78.64.
or 2013, most of the territorial non‑refundable personal tax credits are revised.
For more detailed information on the personal amounts, see Form TD1YT, 2013 Yukon Personal Tax Credits Return.
The total personal amount an employee claims on a TD1 form will determine which claim code you use. For 2013, the claim amounts that correspond to the federal claim codes are the same as the claim amounts that correspond to the territorial claim codes. See Chart 3 and Chart 4.
This code represents no claim amount allowed. If the federal claim code is "0" because the employee is a non-resident, the territorial claim code must also be "0."
You match the "Total claim amount" reported on your employee’s or pensioner’s TD1 forms with the appropriate claim codes. Then, you look up the tax for the employee’s pay under the claim code in the federal and territorial tax tables for the pay period.
The credits that apply to each federal and territorial claim code have been automatically increased in the tax tables by the indexing factor for the current year. If your employee did not complete the federal and territorial TD1 forms for 2013, you continue to deduct income tax using the same claim code that you used last year.
30,019.01 and over
Use the tables in this publication to determine the CPP contributions, EI premiums, federal tax, and territorial tax that you will deduct from your employees remuneration.
To find the range that includes your employee’s insurable earnings, look down the "Insurable earnings" column. When you use the table in this publication to determine the EI premiums, look up the insurable earnings for the period not the gross remuneration. In the shaded column next to the "Insurable earnings" column, you will find the EI premium that you should withhold from your employee’s pay.
If you are using the income tax tables in this publication to determine your employees’ and pensioners’ total tax deductions, you have to look up the amounts in the federal tax table and the territorial tax table.
In the row under the applicable claim code, you will find the amount of territorial tax that you should withhold from your employee’s pay (for more information see the section called "Claim codes" and Chart 4).
You are an employer in Yukon. Sara, your employee, earns $1,018 a week in 2013. She has a federal claim code 1 and a territorial claim code 1.
To determine Sara’s federal tax deductions, you look at the weekly federal tax deductions table and find the range for her weekly salary, which is 1016‑1028. The federal tax deduction for $1,018 weekly under claim code 1 is $121.80.
To determine Sara’s territorial tax deductions, you use the weekly territorial tax deductions table. In the Yukon tax deductions table, the territorial tax deduction for $1,018 weekly under claim code 1 is $55.95.
Sara’s total tax deduction is $177.75 ($121.80 + $55.95). This amount of taxes will be included in your remittance to us.
We have built the tax credits for CPP contributions and EI premiums into the federal and territorial tax deductions tables in this publication. However, certain types of income, such as pension income, are not subject to CPP contributions and EI premiums. As a result, you will have to adjust the amount of federal and territorial income tax you are deducting.
(4) Annual net income ($1,120 × 52 weeks)
$ 52,217.50
$ 11,487.85
$ 15,402.32
$ 6,128.50
Calculate territorial tax Description
Multiply the amount on line 6 by the territorial tax rate based on Chart 2
$ 5,054.65
(15) Minus the territorial constant based on the annual taxable income on line 6 (see Chart 2)
(16) Territorial tax on income for Yukon (line 14 minus line 15)
- the total of personal tax credit amounts reported on Form TD1YT
(18) Multiply the total on line 17 by the lowest territorial tax rate for the year.
(19) Total territorial tax credits
(20) Basic territorial tax (line 16 minus line 19)
$ 2,820.33
(21) Territorial surtax:
where line 20 is less than or equal to $6,000, the surtax is $0.
where line 20 is greater than $6,000, the surtax is 5% of line 20 that exceeds $6,000
(22) Total territorial tax payable for the year (line 20 minus line 21)
(23) Total federal and territorial tax deductions for the year (line 13 plus line 22). If the result is negative, substitute $0.
$ 8,948.83