First pay period of the year  

First Pay Period of the Year 

January 9, 2024, is the first pay date in 2024. You may notice a change in your net pay, and there could be a several reasons why.

• Canada Pension Plan rate changes and/or deductions that begin again in the new year if you previously maxed out.
• Employment Insurance rate changes and/or deductions that begin again in the new year if you previously maxed out.
• Federal and Provincial tax rate updates.
• Local Authorities Pension Plan (LAPP) changes. 
• Note that benefit rate changes and updates for new enrollment choices are applicable January 1, 2024, and these deduction changes would appear on the January 23, 2024, paycheque.  

You can find more information about new year rates, tax forms, T4’s and pay calendars on myPortal – Departments – Human Resources – Payroll Services.

From Human Resources