What’s New in Sage 50 CA Version 2022.3?

If you are searching for accounting software to manage the day-to-day accounting and bookkeeping functions of your business, you should look no further than Sage 50. Sage 50 has also launched a new version named Sage 50 Canada for the residents in Canada. It comes with a highly user-friendly interface & improved features, to save you a lot of time & effort.

All the software in the Sage family always keeps itself updated with regular patches and new versions. The Sage 50 Canadian Version 2022.3 is another important addition to the Sage family. It has been embedded with new and improved features and also with effective remedies to errors experienced in earlier versions. 

Are you yet to use this new software? You are missing quite a few things indeed! In this blog, we will discuss the new features incorporated in the Sage 50 CA version 2022.3. We will also discuss how to install the updates for this version.

Here we go!

What is New in Sage 50 CA Version 2022.3?

The Sage 50 CA version 2022.3 has incorporated a few more modifications than the last update. These are stated briefly below-

🔹 New Payroll Tax Updates Effective from 1^st July 2022

If you have got a Sage support plan that contains the payroll tax updates, you should install the update for the new Sage 50 CA version 2022.3. The Product Update includes the new changes in the payroll tax that will come into effect from July 1, 2022. For full details, you may visit the CRA website or contact your local tax services office.

🔹 New Changes to Territorial or Provincial Taxes

In March 2022, the basic personal amount in New Brunswick was increased to $11,720. This change will be effective from 1^st January 2022. Please note that as on the 1^st payroll run in July, a prorated basic personal amount of $12,623 will be applicable for the remainder of the year. This new modification has been aptly incorporated in the Sage 50 CA version 2022.3. no changes have been prescribed in other territories and provinces.

How to Install the Updates for the Sage 50 CA Version 2022.3?

If you are already using the Sage 50 CA 2022 version, you will get a notification about the available update of the Sage 50 CA version 2022.3. But, before updating, make sure to take a proper backup of your company. Then follow the steps below-

• Go to the Help section
• Click on the tab named check for Product Updates

• You will receive a prompt such as “An update to your Sage 50 solution has been downloaded and is ready to be installed…Do you want to install the update now?” 
• Click on the Install Now tab (If you want more time to think about it, click on the tab named “Remind Me Later“)
• The installation of the update will start.
• Once the installation is complete, it will display the “Installation Successful” message
• Leave the default check in the box to Open Sage 50 after installation
• Click on the Finish button
• The Sage 50 open splash screen will come up 
• Now you need to upgrade your company to the new 2022.3 version. When you open an older company, the Upgrade Company Wizard will come up on your screen. 
• Follow the instructions to upgrade your company

From the discussion above, you have got to know that Sage 50 CA is now better equipped than ever before, to satisfy your payroll and other needs. If you have any more queries regarding the Sage 50 CA version 2022.3, you may speak to some of the authorized Sage professionals 1800 964 3096.

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