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Your business should be your name and you are in the dairy business. You have two employees: John Murphy: he is 40 years old and
Your business should be your name and you are in the dairy business. You have two employees:
- 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.
- 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.
These parts are independent of the previous 3 parts.
- 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?
- What amounts of money do you owe an employee if they are terminated with cause?
- 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?
- 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
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