T4/T4A tax slips for faculty and staff expected by February 28
Each year, Finance & Integrated Services’ Payroll Operations team issues tax slips online for UBC’s faculty and staff. These tax slips are identical to the printed form and are accepted by the Canada Revenue Agency (CRA) when filing your taxes. This year we expect Payroll-related T4 and T4A forms for the 2024 tax year to […]
HSBC Global Disbursements transitions to RBC International Pay
As part of the HSBC-RBC transition, UBC is transitioning to RBC’s International Pay on January 17, 2025. Please note there is a difference in the level of supported currencies between RBC’s International Pay and the previous platform HSBC Global Disbursement. Below are RBC International Pay supported currencies available in Workday, followed by unsupported currencies that […]
2025 payroll calendar now available
The 2025 payroll calendar is now available via UBC Finance website. Please note: Some payroll information on the current finance.ubc.ca website will be migrating over to a new Finance portal as of January 6, 2025. The UBC Finance Portal will only be accessible to UBC employees with an active CWL. Learn more.
2024 tax information and what to expect for 2025
Important information regarding your 2024 tax slips (T4/T4A), actions you should take, and what to expect for the 2025 calendar year is included below. Distribution of 2024 tax slips 2024 T4 and T4A tax slips will be available on or before February 28, 2025. A Workday Announcement (shared on the home page of your Workday […]
Your net pay may be lower in January
Canada Pension Plan (CPP) and Employment Insurance (EI) deductions have a yearly maximum earnings limit. Once these limits are reached during the calendar year, the deductions stop for the rest of the calendar year. Contributions to CPP and EI will commence again in January of each year, which will reduce net pay. Effective […]