5 - Set up contributions in your payroll
Defining contributions in your payroll
You can expect the first few weeks following your plan announcement to see the most employee enrollments. In order to deduct employee contributions from your payroll system, you will need to know how much each employee has decided to contribute.
For instructions on how to define contribution choices in your payroll, select your payroll provider:
Implementing a workplace retirement plan may require you to adjust the way you administer your payroll deductions for RRSP and TFSA employee and employer contributions. This chart provides a quick reference for when to include employee and employer contributions when applying payroll deductions (i.e., Income Tax, CPP, EI).
>> Read full article about when to include contributions when applying payroll deductions
Other Payroll Articles
If you would prefer to speak to someone about setting up your payroll, start a chat with a retirement specialist at the bottom right or click on the "Submit a request" button at the top of this page.