Currently Wagepoint only collects and remits EHT for the Province of Ontario.
1. Send an email request to support@wagepoint.com asking to have EHT set up for your company.
2. Provide the following information in your email:
a. EHT #
b. EHT rate
c. EHT threshold
Note: This information can be found by contacting the Ontario Ministry of Finance
What happens once EHT is set up for my company?
- Once you have reached out to Customer Support and have set up EHT for your company, Wagepoint will begin to calculate and remit once the exemption threshold has been reached. EHT remittances are sent to the Ontario Ministry of Finance once a month.
- The first payment in Wagepoint will include an amount that is manually calculated. You will see this as an added line item on the PAYROLL INVOICE. It will not be part of the EHT REMITTANCE REPORT, the POSTING JOURNAL, or the RECEIVER GENERAL report. It will need to be accounted for manually with your EHT annual return and in your accounting software since it was a manual calculation.
- Wagepoint can only handle the EHT remittances on your behalf. We do not file the annual report. This is done from your end. Please refer to the following for more information on how to file the annual EHT return: How to file your EHT annual return.
- Note that we do not monitor your payroll once EHT is set up. If you exceed a payroll of $5M dollars, you do not qualify for the $1M exemption and will owe an additional $19,500 in EHT premiums. You will need to notify us of this should it happen and be needed.
Helpful reports: