Taxes & Remittances
Expenses
Payroll
Banking
Income Tax Receipting
100
This is the slip that you are required to provide to your paid employees.
What is a T4?
100
Mileage, Parking, Office supplies
What are types of office expenses?
100
Net Pay
What is the amount of money an employee receives at pay day after deductions?
100
The person on the board that should be added as signing authority
What is the Treasurer
100
This is the suggested date for charities to issue tax receipts.
What is February 28th?
200
This is the insurance that neither charities or non-profits are required to register for, but can if they so choose.
What is WSIB (Workplace Safety and Insurance Board)
200
Payable
What is money owed from you to someone else?
200
CRA online calculator
What is the online method for calculating payroll and deductions?
200
GIC
What is an investment opportunity?
200
This cumulative number is found on all receipts.
What is the Tax receipt number?
300
This is the rebate that Charities (with a charitable registration number) can claim if it pays taxes on eligible property it occupies.
What is the Property Tax Rebate
300
Program allocations
What is a method of distributing expenses among different programs or projects?
300
ADP & Ceridian
What is a company that you can outsource your payroll to?
300
This is a method of accepting credit card payments from all major credit cards without requiring a credit card account.
What is paypal?
300
Name three items that must be present on the Official Donation Receipt for Income Tax Purposes.
What are: Charity name or address; Charity registration number; Eligible amount of gift; Date issued; authorized signature...
400
What tax exemption has increased from $400,000 to $450,000 in January of 2014?
What is EHT (Employer Health Tax)?
400
Check Request
What is a form that should be filled out if you do not have a physical invoice?
400
$3,500
What is the annual CPP exemption that employees receive?
400
Moneris or Canadian Payment Services
What are two companies that offer credit card processing?
400
Gift cards, pledges, and gifts of service are considered what?
What is NOT eligible for a tax receipt?
500
This is the percentages that Charities and Non-profits get to claim back re: HST
What is 82% of Provincial portion (PST) and 50% of the Federal portion (GST).
500
$20 or $30
What is an average limit on a petty cash transaction?
500
1.88%
What is the amount of EI (Employment Insurance) that an employer must deduct from the employee on each payroll?
500
0.525%
What is a current cashable GIC interest rate?
500
For a gift in kind, what must first be determined in order to issue a tax receipt?
What is the FMV (Fair Market Value)?
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