Under RTR, you must ensure that you process the payroll on the correct pay date. The pay date you need to use to process the payroll in the software, is the actual date the employee receives their pay.
Pay date is defined as the date on which the funds are made available.
- If you pay the employee by cash, it is the date the cash is given to the employee
- If you pay by cheque, it is the date on the cheque
- If you pay by bank transfer, it is the date the funds are scheduled to be made available in the individual's bank account