Potential discrepancy in tax calculations between Sparkrock and CRA tax calculator for 2023 tax year

Modified on Sat, 20 Jul at 10:32 AM

INFORMATION

Products: Sparkrock 2016 HRP (Canada)
Summary: Potential discrepancy in tax calculations between Sparkrock and CRA tax calculator for 2023 tax year // Solved

DETAILS

There is an issue affecting the calculation of Canadian federal taxes in Sparkrock 2016 for HRP customers. After comparing the calculations in the CRA's tax calculator tool and the Sparkrock system, we have observed that the Sparkrock system may be calculating slightly higher taxes than the CRA's PDOC tool. As a result, employees may be subject to a higher contribution. Please note that this discrepancy is expected to be corrected by the CRA when the employee files their tax return for the 2023 tax year.

Update, we have resolved this issue. Now customers using Sparkrock 2016 can update their configuration for Canadian Federal and Provincial taxes to match what the caculation done by CRA's PDOC tool.

RESOLUTION

Please review the configuration changes suggested in Method step changes required for Federal and Provincial tax calculations (2023) to correct the calculation.

IMPACT / RISKS

No known risks.

WORKAROUND

Not applicable

RELATED INFORMATION

Method step changes required for Federal and Provincial tax calculations (2023

UPDATE HISTORY

Date	Details	Link
05/01/2023	Created first version of this KB
08/11/2023	Updated this KBA with link to resolution	Method step changes required for Federal and Provincial tax calculations (2023

ATTACHMENT

Not Applicable