Date your final pay of the year
Legislation requires that earnings belong to the year in which they are paid. This is determined by the cheque date. For example, if a pay period ends on December 31, 2024 and is paid on January 2, 2025, this is considered earnings for 2025, and, therefore, to be included in the 2025 tax form.
If you have employees with direct deposits, you may need to change your payroll submit date to accommodate bank holidays.
View your calendar in Powerpay by navigating to View Calendar page.
to verify that the payment date for your first pay in 2025 is correct.