With the New Year comes new limits for employee tax exemptions. If you are doing your own payroll, whether manually or computerized, ensure that you change the basic employee exemption amounts for the proper calculation of both Federal and Provincial tax deductions.
To ensure you use the proper exemptions request that each employee to complete the following forms for 2013:
1) Federal TD1 http://www.cra-arc.gc.ca/E/pbg/tf/td1/td1-13e.pdf
2) BC Provincial TD1http://www.cra-arc.gc.ca/E/pbg/tf/td1bc/td1bc-13e.pdf