Improvement
February 07, 2024
Improvements to personal tax credits
We’ve made it easier to add and manage employees’ personal tax credits and deductions with the following changes:
- Clear distinction between federal and provincial tax credits.
- You now only need to enter the Total Claim Amount for each Personal Tax Credits form your employees provide.
- Tax credits now have a calendar year applied, and will reset to the basic personal amount on January 1 unless a new tax credit is entered.
New: you can now add a reduction to income tax at source for eligible employees, ensuring they’re taxed correctly throughout the year.
What do I need to do?
If your employees’ tax credits are already up to date for 2024 – no need to do anything! Humi will continue to use the tax credits that were in our system prior to this change.
Thanks for your feedback!