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1. m fi o Payroll practitioner knowledge consists of information on payroll compliance legislation, payroll processes and payroll reporting as well as technical, professional and
1. m fi o Payroll practitioner knowledge consists of information on payroll compliance legislation, payroll processes and payroll reporting as well as technical, professional and personal skills. (T/F) Legislation refers to laws enacted by a legislative body whereas Compliance is the observance of official requirements. (T/F) Internal stakeholders include benefit carriers, courts, unions, charities, and payroll vendors who are constantly associated with the organisation. (T/F) Employers must follow the employment standards legislated by the jurisdiction in which their employees work, unless they are governed by federal labour standards (Y/N) Employers must follow the employment standards legislated by the jurisdiction from which their employees are paid from, unless they are governed by federal labour standards (Y/N) Where an employee-employer relationship exists, the CRA requires the employer to: a. register with the Canada Revenue Agency for a Business Number (BN) b. withhold the statutory deductions of income tax, Canada Pension Plan (CPP) contributions, and Employment Insurance (EI) premiums on amounts paid to employees c. report the employees' income and deductions on the appropriate information return d. All of the above Screenshot 7. The Service Canada is responsible for ensuring that Canada Pension Plan contributions and Employment Insurance premiums are deducted, remitted, and reported as required by legislation. (Y/N) Employers who remit withholdings or deductions late, withhold the statutory deductions but do not remit them, or fail to deduct the required deductions will be subject to penalties which may increase on subsequent occurrences. (Y/N) If an organization deducts $27,400 in Canada Pension Plan contributions from its employees and $21,200 in Employment Insurance premiums, how much would have to be remitted in total to the Canada Revenue Agency? (2) 10. The Canadian government based its privacy provisions on a set of guidelines, called the Ten Fair Information Principles that had been developed by the Canadian Revenue Agency in its Model Code for the Protection of Personal Information. (Y/N)
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