Your business should be your name and you are in the dairy business. You have two employees:

1. John Murphy: he is 40 years old and is married to a partner that has no income. He earns $3,600, semi-monthly. He is employed in the Province of Ontario.
2. Jane Robinson: she is 28 years old and single. She earns a salary of $1,000, semi-monthly. Her expected commission income for 2019 is $70,000 and her 2018 expenses against her commission income was $22,455. She is also employed in the Province of Ontario.

 

Required:

1. Prepare a TD1 for John and a TD1X for Jane. You can ignore the employees SIN # and addresses.
2. Go to CRA’s payroll calculator and calculate the net pay and all deductions for January 15, 2019.
3. Based on their two annualized incomes, calculate the amount of WSIB that the company would be required to remit for the year.

 

These parts are independent of the previous 3 parts.

4. On August 1, 2019 you fired a long-standing employee because he stole $40,000 from the company. What government forms do you have to fill out is you terminate an employee? What is the deadline for filing this form electronically?
5. What amounts of money do you owe an employee if they are terminated “with cause”?
6. Assume that you fired the employee so that you could replace him/her with your best friend. You had no valid “cause” to terminate the employee, he had always done a great job. Assuming that this fired employee had worked for your business for 4 years, what amount of severance would you owe him assuming his annual salary was $48,000?
7. You have one employee and you have to prepare his T4 for 2018 and related T4 Summary. The details are below:

 

Employer:           Dufresne Excavation Inc.

                             14 Bayswater Avenue

                             Ottawa, Ontario             

                             K1G4T2

                             A/C # 1234567891RP001

 

Employee:          Pierre Desjardins

                             64 Rue Montcalm

                             Ottawa, Ontario

                             K2P2G4

                             SIN# 147 543 645

 

Income & Deductions:

Salary                                               $95,700.00

CPP deducted                                 $2,593.80

EI deducted                                    $858.22

Income tax deducted                    $21,795.32        

Union Dues                                     $945.00             

Charitable donations                    $250.00