Question
1.Compliance with Statutory Remittances Your manager, Jessica Boyd, has asked you to do memo detailing both the company's remittance responsibilities to the Canada Revenue Agency
1.Compliance with Statutory Remittances
Your manager, Jessica Boyd, has asked you to do memo detailing both the company's remittance responsibilities to the Canada Revenue Agency and the consequences of non-compliance with statutory remittances. Using your company as an example, describe the steps involved in this procedure.
2.Provincial Health Care Remittances
Your organization, Space Exploration, Inc. currently has operations in Alberta. The organization is planning to expand into Manitoba and Newfoundland and Labrador.
The Manitoba operation will have an anticipated annual payroll of $2 million with a permanent location in the province.
The operation in Newfoundland and Labrador will be an equal partnership between Space Exploration, Inc. and Mars X, Ltd. The anticipated payroll will be $2.5 million.
The payroll supervisor has asked you for information on the health care funding method used in these two provinces.
do a memo with information on how these two provinces fund health care. Using the information above, give examples of how the premium is calculated, reported and remitted as well as the impact, if any, on payroll.
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