1) In order to receive a reduction in federal income tax deductions and provincial income tax deductions outside of Quebec, employees must apply to the Canada Revenue Agency for a reduction, using the form:

a) TD1

b) T2201

c) T1213

d) TP-1015.3-V

2) Employees must complete a new federal and provincial/territorial TD1 within 5 days of a change to their personal situation if it affects the amounts they can claim on the form.

True

False

3) Employers must send completed TD1 forms to the government.

True

False

4) Federal and provincial income taxes are based on an employees:

a) Gross insurable earnings

b)Net taxable income

c) Gross earnings

d) Gross pensionable/taxable income

5) Paid sick leave is only legislated in:

a) Ontario and Quebec

b) Alberta and British Columbia

c) Prince Edward Island and Quebec

d) None of the answers are correct

Ginos 2022 total automobile benefit was $4755. This amount included his standby charges of $3255 and operating cost benefit of $1500. Based on this information, calculate his 2023 estimated bi-weekly automobile non-cash taxable benefit.

XYZ Company contributes to an employees group Registered Retirement Savings Plan where the employees are not allowed to withdraw the funds until retirement. The employer contributions are considered:

a) Not taxable

b) A non-cash taxable benefit and therefore not insurable earnings

c) Considered pensionable and insurable earnings

d) A non-cash taxable benefit and therefore insurable earnings

Asif who is employed in Ontario was provided with a company-leased automobile that was available to him for 25 days before he terminated his employment. The vehicle was leased for $320 per month plus 13% HST. Calculate his standby charge.

Employer paid private health insurance is a taxable benefit in which province?

a) Quebec

b) Saskatchewan

c) Ontario

d) Alberta and British Columbia

Expense reimbursements are:

a) Considered employment income

b) Pensionable

c) Taxable

d) Not considered employment income