SCENARIO

In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization who:

turned 18 during the year

turned 70 during the year

had chosen to opt out of paying CPP by submitting a completed CPT30 form

To avoid a recurrence, the Payroll Manager, Andreea Sinclair, has asked summary of the CPP reporting requirements on T4 information slips. The summary will be used to validate the current payroll setup to ensure that the T4s will be completed properly in future. Provide information on the CPP related boxes that must be completed, including how any amounts are calculated, for employees who:

are under 18 for the entire year

turn 18 during the year

are over 70 for the entire year

turn 70 during the year

submit a completed CPT30 form during the year, electing to stop contributing to the Canada Pension Plan

submit a completed CPT30 form during the year, revoking their previouselectionto stop contributing to the Canada Pension Plan

correct spelling, grammar and punctuation. You will be penalized if you are excessively over or under the suggested word count. Your response to this question must be stated and should be based on the course material, your experiences, knowledge gained through the course and at least one external government resource.

You can copy and paste text from another program into the platform, however you will be unable to copy tables created in Word or Excel. Please utilize the platforms built-in editing tools to format your text.

Any responses taken directly from the external government resource or course material will not be accepted. Information referenced from the government resource(s) and the course material must be cited. For example:

if you are referencing the Canada Revenue Agencys Employers' Guide - Payroll Deductions and Remittances T4001, state the URL where the information can be found, https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001.html and the page number, if applicable

if you are referencing the course material, state the course name, chapter and page number where the information can be found (for example, PF2, 1-1)

This written assignment is worth 7.5% of your final mark. This assignment must be completed and submitted to your instructor by 11:59 a.m. (Central Time) on the due date.

It is recommended that you response using MS Word or a similar word processing software and then copy and paste your response into the Your Response field. The Save and Close button will save your work and allow you to make future edits. Once you are satisfied with your response, click the Submit button. No further edits can be made once your assignment is submitted.