2021 payroll and calendar year-end

Last Payrolls of 2021

The final SM payroll is this Friday (the 17th) covering casual/hourly work from the 1-15th of December. This is a day earlier than payroll would normally run due to the end-of-year time crunch.

The final SA payroll run on December 21st, covering the 16-31st of December. The paperwork deadline for the SA run is Thursday the 16th this week. We will not be able to do off cycle payments after Dec 20st as we will be changing the tax and benefit tables. Late paperwork will be delayed until January.

For paper cheques,  Canada Post will have the cheques in advance, and will be putting them into the mail system on the 30th of Dec. If someone is interested in how they are paid, it is on their paystub at www.uvic.ca/paystub.

 As always, we advise everyone to enroll in Direct Deposit.

2022 Calendar updates

The 2022 payroll processing calendars have been updated. You can download, view online, or add to Outlook. All of the resources for the payroll calendars can be found at www.uvic.ca/fins/calendar.

BC has not made a final decision on the National Day for Truth and Reconciliation date, but we are assuming that it will continue to be September 30th in 2022.

2022 SM1 (1st casual run) approvals

The first payroll of the year will be on Tuesday Jan 4th 2022, the day that we return from the closure.

This means that your department/web time entry approvals have to be done before that point in time. Ideally, completed by December 24th.

While you will be able to key and approve over the break up until the 3rd of Jan, our office will be closed, so we will not be able to assist with any issues.  

New rates for 2022

As of January there will be fresh new tax, CPP, EI, WCB, and a host of other rates. See below for new rate tables.

With the new year, TD1s will be reverted to their default values. If you want to change your 2022 TD1, you will be able to at www.uvic.ca/TD1 in January 2022. Everyone automatically gets the "basic amount", but if you want to change the deduction at source, you can claim other amounts, like tuition, rather than waiting to get money back on your income tax in 2023.

January job changes

While we will be prioritizing December job changes, we will also be working on some January job changes over the next couple of weeks. Please continue to submit your TA EPAFs and Sessional appointments through December as we will be doing our best to get a head-start on 2022.

 

2022 Tax and deduction rate changes

2022

Tax Summary

Low

High

$                     -  

 $     43,070.00

20.0600%

$    43,070.00

 $     50,196.00

22.70%

$    50,196.00

 $     86,141.00

28.20%

$    86,141.00

 $     98,901.00

31.00%

$    98,901.00

 $  100,391.00

32.79%

$  100,391.00

 $  120,094.00

38.29%

$  120,094.00

 $  155,624.00

40.70%

$  155,624.00

 $  162,832.00

44.02%

$  162,832.00

 $  221,707.00

46.12%

$  221,707.00

 $  227,091.00

49.80%

$  227,091.00

 Over

53.50%

 

 

CPP:

 

Employee

5.70

Employer:

5.70

 

Exemption:

3,500

YMPE:

64,900

Maximum:

3,499.80

 

 

EI:

Employee Rate 1.58

 

Reduced rate

Employer Rate

 Deduction code

RP0001 (UV01 and UV05)

1.400

2.2120

EI1

RP0002 (UV02)      (Category 3)

1.172

1.8518

EI2

RP0003 (UV03)      (Category 1)

1.257

1.9861

EI3

RP0004 (UV04)      (Category 2)

1.172

1.8518

EI4

 

 

 

 

Employee Maximum

952.74

 

Maximum annual applicable gross

                                        60,300.00

 

 

 

WCB:

WSO

                                                     0.27

WSA / WSN

                                                     0.27

WSB

                                                     0.40

Maximum:

108,400

 

 

 

Pension:

Defined Contrib. Limit (MP)

30,780.00

 

YMPE

64,900

 

YMPE amt/pp

                                           2,704.17