Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

SCENARIO Sally Beauchamp, the Director of Finance of your Northern Expeditions company, has advised that the company will be opening an office in Nunavut this

SCENARIO Sally Beauchamp, the Director of Finance of your Northern Expeditions company, has advised that the company will be opening an office in Nunavut this year. The office will offer guided northern trips to hunters and adventurers. It expects to mainly employ local guides (40 days over the summer period) but the company will also be periodically bringing in guides from its offices in Alberta, Saskatchewan and Qubec. Some of the guides from outside Nunavut may work 10 days, others could work 15 days over the summer depending on the number of bookings; they normally work in their home province for 60 days every year. The average daily rate paid to these guides is $400. Sally is asking for information on the Nunavut Payroll Tax. Who pays the tax and how is it calculated? Are there any special considerations or challenges for the calculation of the payroll tax for the guides brought in from Alberta, Saskatchewan and Qubec? What are the reporting and remitting requirements during the year? What are the reporting requirements at year-end? Provide examples based on the information provided in the assignment to clarify.

Prepare your response (350 - 500 words) using your name, 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 in your own words and should be based on the course material, your experiences, knowledge gained through the course and at least one external government resource. 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 prepare your 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.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

HBR Guide To Finance Basics For Managers

Authors: Harvard Business Review

1st Edition

1422187306, 978-1422187302

More Books

Students also viewed these Finance questions