Working Hard
The money paid for employee services
Taxes based on the payroll of a business
Payroll Taxes
The total amount earned by all employees for a pay period
Provides contributors and their families with partial replacement of funds in the case of disability, retirement, or death
Canadian Pension Plan (CPP)
Standard eight hours of work per day
Regular Hours
The maximum amount of earnings on which a tax is calculated
Tax Base
Business form used to record payroll information
Payroll Register
Temporary benefits for workers who are unable to work due to illness, pregnancy, family-related issues, etc.
Employment Insurance (EI)
The period of time covered by a salary payment
Pay Period
A deduction from total earnings for each person legally supported by a taxpayer, including the employee
Withholding Allowance
Federal income tax + social security tax + medicare tax + health insurance + other
Payroll Deductions
Total tax rate in Saskatchewan
11%
Hours worked beyond the regular eight
Overtime Hours
Withheld federal income taxes from employee total earnings
Employee Income Tax
The total earnings paid to an employee after payroll taxes and other deductions
Net Pay
Types of tax in Saskatchewan
Provincial Sales Tax and Goods and Services Tax (PST and GST)
Earnings from previous quarter + total earnings for current pay period
Accumulated Earnings
The form that identifies the amount of income tax that is withheld
Form W-4, Employee's Withholding Allowance Certificate
Checks written on a special payroll checking account
The main type of accountant in Canada
Chartered Professional Accountant (CPA)