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Thread: Calculating the CPP Exemption

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    Calculating the CPP Exemption

    Does anyone know the best way to calculate the CPP Exemption?

    I am trying to extract the data from E1 for a conversion to Oracle HCM and the Exemption isn't stored in E1

    I know that to calculate the CPP Exemption, it should be 134.62 * Number of Pays the employee has received (what is the best way to get this number)

    I have an employee that hasn't maxed out and should be calculated normally
    If I used the above method
    (3500/26)*14 (Number of pays) = 1884.62

    OR
    I have tried calculating it by doing the following
    1) Taxable Earnings * 4.95% = Total Taxable
    2) Total Taxable - Total Withheld = Total
    3) Total/4.95% = Exemption

    If I use this method:
    1) 46386.74 * 0.0495 = 2296.14363
    2) 2296.14363 - 2202.82 (CPP Withheld) = 93.32363
    3) 93.32363/0.0495 = 1885.3258

    As you can see the 2 methods generate different amounts

    I need to get this calculation figured soon as we are in the middle of a data conversion.

    Thanks
    Pam


    For the most part this calculation works EXCEPT if the person was on leave during the year; turned 70 in the year or filled out the CPT30 form in the year

    Is there any where in JDE that I can validate that my calculation is correct?

    Thanks
    Pam
    Last edited by pbare; 04-10-2019 at 06:17 AM.
    EntrpriseOne 9.1
    On Windows 7 Platform

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