Payroll Basics
At Maersk we follow forward payroll or backward payroll for salaried employees?
Forward Payroll
What document must an employer issue to employees by February 28th for the previous calendar year?
T4 Slip
Can employees log in to this portal to check their pay stubs?
ADP ESS
New employees must complete this, so you know how much federal and provincial income tax to deduct?
TD1 Form
Desjardin Benefit enrollment forms or any changes should be submitted to?
NAM Benefits team through Workday Tickets
This is used to report the number of hours worked?
Timesheets
What T4 Box reports your gross annual earnings
Box 14
How many years after employee exit can still access their paystubs and T4 on ADP ESS?
7 Years
What is the annual TFSA (Tax-Free Savings Account) contribution limit for 2026?
$7000
How many years of service anniversary are required to be entitled for 27 PTO days?
9Yrs
The term for the money an employee takes home after deductions?
Net Pay
The Quebec specific annual slip for reporting income and deduction?
RL1 (Releve 1)
Why do we update direct deposit details in Workday?
Any reimbursement approved through Concur.
Two deductions are mandatory before transferring the payment to your registered retirement plans?
Canada Pension & EI
Non-Cash Benefits are non-taxable until this amount?
$500
Annual limit on earning for which CPP must be paid?
YMPE (Yealy Maximum pensionable earnings.
Effective January 1, 2026, what is the lowest federal income tax rate on the first bracket of taxable income?
14%
Are knowledge articles location bound in Workday (Yes/No)?
No
OMBP bonus attract higher tax rate (True Or False)?
False
Name the 2 taxable benefits are provided by employer?
Txb life and AD & D.
What is the Maximum Pensionable Earnings (YMPE) for CPP2, 2026?
$85000
Form completed by employers to certify that an employee is required to pay their own work expenses
Form T2200
Maersk-built, Will instantly respond to people related queries, providing 24x7 assistance?
Chat buddy
Defined contribution pension plan was stopped from the year?
2020
Compensation paid to an employee instead of giving them a notice period for termination.
Severance (or Pay-in-lieu)