Chapter 3 Canada Pension Plan & Employment Insurance
Chapter 4 Income Tax
100
Payroll
What is referred to as:
- The department that administers payroll
- The total number of employees in an organization
- wages and salaries paid out in a year
- list of employees to be paid and the amount due to each
100
Filing
Registration
Remittances
Reporting
What are the compliance requirements of the Canada Revenue Agency?
What determines the provincial/territorial tax rate to apply to an employee's taxable income?
200
Pay employees accurately, on time, and in compliance with legislative requirements for an annual payroll cycle.
What is the objective of the payroll department?
200
This government department is responsible for developing policies, creating programs and support initiatives that build a stronger more competitive Canada by supporting Canadians.
What is the HRSDC (Human Resources Skills Development Canada)?
200
CRA requires that the value of _____ must be included in the employee's earnings as it is earned and enjoyed.
What is a taxable benefit?
200
1. Registered Pension Plan (RPP) contributions
2. Registered Retirment Savings Plan (RRSP) contributions
3. Union Dues
4. Deductions for living in a prescribed zone
5. Deductions authorized by the CRA
What are tax deductible amounts that are subtracted from gross taxable income?
300
Employees
Other Departments
What is an internal stakeholder of the payroll department?
300
This government department acts as the operational arm, delivering services to Canadians.
Who is Service Canada?
300
Unlike Canada Pension Plan(CPP) there is no age restriction to withholding this statutory deduction.
What are Employment Insurance premiums?
300
This form is used by the employer to determine the amount of tax to deduct from employees taxable remuneration.
What is the TD1? (Personal Tax Credits Return)
400
Unions
Benefit Carriers
What is an external stakeholder of the payroll department?
400
Express Consent and Implied Consent.
What are the two forms of consent that can be obtained from an employee?
400
This program allows employers to pay employer portion of EI premiums at a reduced rate if they have a wage loss replacement plan that meets Service Canada's requirements.
What is the Employment Insurance Premium Reduction Program?
400
Request to reduce tax deductions at source (T1213)
What is the form used to apply for less tax to be deducted during the year rather than receiving a large refund at the end of the year?
500
Control
Ownership of tools
Chance of Profit/Risk of loss
Integration
What are CRA's 4 criteria for determining whether an employee - employer relationship exists?
500
Alberta, British Columbia, Quebec
What 3 jurisdictions have privacy legislation that deals with employee personal information?
500
Five calendar days after the end of the pay period when the interruption of earnings occured.
What is the requirement for electronically filing a Record of Employment?
500
1. Reporting claim code "x" on TD1's
2. Claiming labour sponsored funds tax credits
3. Earn more than the maximum amounts provided in the payroll deduction tables
When is the manual method of calculating tax withholding required?