Notes on Taxes and Remittances

Nov 14

Tax rate updates for 2025.

December 27, 2024 will be the earliest date to process your first payroll for 2025. Updates to the payroll tax tables for 2025 will be completed within Wagepoint by this date.

At this time, Wagepoint 2.0 does not support tax reduction at source or reduced EI rates.

Provincial employer taxes.

Employer Health Tax (EHT) in Ontario
Please note that EHT exemptions will restart for the first payroll of 2025.
Wagepoint can only handle the EHT remittances on your behalf. Ensure you complete and file the EHT Annual Return by the deadline of March 14, 2025 either via mail or online using ONT-TAXS.

Please note that Wagepoint does not monitor your payroll once EHT is set up. If you exceed a payroll of $5M dollars, you do not qualify for the $1M exemption and will owe an additional $19, 500 in EHT premiums. You will need to notify us of this should it happen and be needed.

Updates to CRA remittance schedules

If you have received any notifications from the CRA regarding a change to your current remittance schedule, please update your Remittance Schedule in the Settings > Source deductions tab with your new frequency for 2025.
Empty space, drag to resize

We're here to help.

Get in touch with an agent using our live chat feature in your Wagepoint account, or sending us an email to support@wagepoint.com.