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The 2024 Year-End Payroll Guide
The 2024 Year-End Guide & Checklist
Preparing for Year-End - Overview Video (12:57)
How to Prepare T4s and RL-1s (20:00)
Download your Year-End Checklist & Payroll Run-By Dates
6 Steps to Year-End Success
Step 1 - Prepare for Year-End
Step 1 - Overview
Part 1 - Review Important Dates
Part 2 - Schedule a Year-End Meeting with Stakeholders (IT, HR, Finance)
Part 3 - Update your Payroll Tax Remittance Frequency
Part 4 - Confirm all Taxable Benefits, Deductions, and Income Types are Setup Correctly
Part 5 - Add an Income Paid to Employees Outside of Humi in 2024 to the Year-End Adjuster
Step 2 - Review Taxable Benefits
Step 2 - Overview
Part 1 - Ensure Taxable Benefits are Reported Each Pay Period
Part 2 - Process Taxable Benefit or Deduction Adjustments (eg. Company Car Benefits)
New for 2024! - Other Information Codes and Changes to Capital Gains
Step 3 - Balance & Reconcile
Step 3 - Overview
Download the Flowchart
Part 1 - Add Dental Benefits Codes
Part 2 - Run the PIER Analysis Report
Part 3 - Run the T4 & RL-1 Preview Reports
Part 4 - Use the Tax Form Preview PDFs
Part 5 - Use the Year-End Adjustment Tool
Part 6 - Remit Outstanding CPP, QPP, EI, QPIP, and Income Tax Statutory Deductions
Step 4 - Create, Review, and Finalize T4s
Important T4 Deadlines and Helpful Information
Part 1 - Generate Your T4s in Humi
Part 2 - Review T4s & Confirm Manual Box Information
Part 3 - Finalize and Submit T4s in Humi
Part 3b - File Tax Slips and Summaries with the CRA
Part 4 - Download the Tax package from Humi
Part 5 - Send T4s to Employees
Step 5 - Create, Review, and Finalize RL-1s
Important RL-1 Deadlines and Helpful Information
Part 1 - Generate Your RL-1s in Humi
Part 2 - Review RL-1s & Confirm All Information
Part 3 - Finalize and Submit RL-1s in Humi
Part 3b - File Tax Slips and Summaries with RQ
Part 4 - Download the Tax package from Humi
Part 5 - Send RL-1s to Employees
Part 6 - File your RL-1 Summary with RQ
Step 6 - Set Up for the New Payroll Year
Step 6 - Overview
Part 1 - Review Carry-Forwards Balances (if applicable)
Part 2 - Remind Employees to Update Their Federal and Provincial/Territorial Tax Credits on the TD1 or TP-1015.3 if required
Part 3 - Add TD1 and TP-1015.3 Additional Tax Credits to Humi
Part 4 - Review Employees who are set to CPP/QPP or EI/QPIP Exempt
Part 5 - Update your Workers' Compensation Rates (WCB / WSIB / CNESST) for 2025 (if applicable)
Additional Steps to Success
Part 6 - Remit Outstanding CPP, QPP, EI, QPIP, and Income Tax Statutory Deductions
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