Canada | How do I resolve the run error: "Income base required for component"?

The run error "Income base required for component" will display when the income base for the referenced component has not been configured.

      

      Navigate > Config > Payroll >  Payroll Config > Payroll Components

Step 1: Edit the affected component and select the "Income bases and formula" button.

      

Step 2:  Complete the fields associated defining an Income Base.

      

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