This topic provides examples on payslip modeling scenarios.
See: Payslip Modeling (Canada)
Employee, who is working some overtime this week wants to estimate what their next check will be.
The employee selects the applicable earnings from the list of earnings that have been made available for payslip modeling. This selection displays their current [hourly] rate of pay and current number of hours. The employee then enters in their Estimated Hourly Rate and Estimated Number of Hours. In this case, they also select to add Overtime to the list of earnings, and are then prompted to enter the Estimated Overtime Rate as well as the Estimated Number of hours. Note that what the employee is able to enter or select from would be based on the element definition, namely the input values. The employee will also see a list of their current deductions (again, based on their latest actual payslip) and they can also select or de-select from the available deductions. In this case, these will be left as they are with no changes. The employee can also override their existing Federal and Provincial tax credits, etc. In this case, these values will also be left as is.
Employee, who is due a Bonus, wants to estimate their net take home pay.
The employee selects the applicable earnings from the available list of earnings. They would select the "Bonus" earning. The employee can then enter a flat dollar amount. Note that what the employee is able to enter or select from would be based on the element definition, namely the input values. The employee will also see a list of their current deductions (again, based on their latest actual payslip) and they can also select or de-select from the available deductions. In this case, these will be left as is with no changes. Employee can also override their existing Federal and Provincial tax credits, etc. In this case, these values will also be left as is.
Employee would like to increase or decrease their RRSP deduction to determine the tax effect and take home pay.
The employee selects the applicable earnings from the available list of earnings. The selection would include just their Regular earnings. This displays their current [hourly] rate of pay and current number of hours if applicable. The employee then enters in their Estimated/Projected Hourly Rate and Estimated/Projected Number of Hours, or Estimated/Projected Amount. Note that what the employee is able to enter or select from would be based on the element definition, namely the input values.
The employee will also see a list of their current deductions (again, based on their latest actual payslip) and they can also select or de-select from the available deductions. In this case, the employee had a RRSP deduction in their most recent payslip so the last amount deducted is displayed as Current. In the Estimated/Projected Amount column, they can enter a new amount or percent, depending on how the deduction element is defined. The employee can also override their existing Federal and Provincial tax credits, etc. In this case, these values will be left as is.
Employee, who is getting married, wants to see their take home pay will be once their tax credit amount is changed.
The employee selects the applicable earnings from the available list of earnings. This would include just their Regular earnings. This selection displays their current [hourly] rate of pay and current number of hours if applicable. The employee, then enters in their Estimated/Projected Hourly Rate and Estimated/Projected Number of Hours, or Estimated/Projected Amount. Note that what the employee is able to enter or select from would be based on the element definition, namely the input values. The employee can also see a list of their current deductions (again, based on their latest actual payslip) and they can also select or de-select from the available deductions. In this case, they are left intact with no changes. The employee can then change their existing Federal and Provincial tax credits.