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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:

  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.

These parts are independent of the previous 3 parts.

  1. 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?
  2. What amounts of money do you owe an employee if they are terminated with cause?
  3. 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?
  4. 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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