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· Payroll management stakeholders are: (3) - CORRECT ANSWER: - Federal and
Provincial/territorial governments
- Internal stakeholders
- External stakeholders
12 tax credit amounts that can be claimed on the federal TD1: - CORRECT ANSWER: 1. Basic
personal amount
2. Canada caregiver amount for infirm children under age 18
3. Age amount
4. Pension income amount
5. Tuition amounts (full time and part time)
6. Disability amount
7. Spouse or common-law partner amount
8. Amount for eligible dependant spouse or common-law partner
9. Canada caregiver amount for eligible dependant or spouse or common-law partner
10. Canada caregiver amount for dependant(s) age 18 or older
11. Amounts transferred from your spouse or common-law partner
12. Amounts transferred from a dependant.
13. Total claim amount
3 levels in a payroll department within a large organization - CORRECT ANSWER: - payroll
administrators
- payroll coordinators
,- payroll managers
3 purposes of ESDC - CORRECT ANSWER: - develops policies that make Canada a society in
which Canadians can use their talents, skills and resources to thrive in the competitive market
and contribute to their well-being
- creates programs and support initiatives that help Canadians invest in themselves to move
through life's transitions—from families with children to seniors, from school to work, from one
job to another, from unemployment to employment, from the workforce to retirement
- creates better outcomes for Canadians through service excellence with Service Canada and
other partners
4 factors of PIPEDA - CORRECT ANSWER: - notice
- consent
- use and storage of personal information
- appeals
4 Possible Meanings of Payroll - CORRECT ANSWER: 1. The department that administers the
payroll
2. The total number of people employed by an organization
3. The wages and salaries paid out in a year
4. A list of persons to be paid and the amount due to each
A Payroll Practitioner's responsibilities will differ depending on: (4) - CORRECT ANSWER: -
Size of the organization
- The number of jurisdictions in which they pay
- The reporting structure under which they work
- Whether there are other related departments in the organization (such as HR, Finance, and
Administration)
, Based on the Canadian Human Rights Act, employers may not have discriminatory practices,
specified as those based on: (10) - CORRECT ANSWER: · race
· national or ethnic origin
· colour
· religion
· age
· sex
· sexual orientation
· marital status/family status
· disability
· conviction for an offence where pardon has been granted
Canada Pension Plan (CPP) definition & rate - CORRECT ANSWER: is a social insurance
program legislated under the federal Canada Pension Plan Act, designed to provide protection in
the form of benefits to contributors and their families against loss of income due to retirement,
disability, and death
Employer must match employee's amounts
Canada Pension Plan contributions must be withheld from employees who: (4) - CORRECT
ANSWER: - have reached the age of 18 but are under the age of 70
- are in pensionable employment
- are not considered to be disabled by either Service Canada or Retraite Québec
- are 65 years of age but are under the age of 70 and are in receipt of the Canada or Québec
Pension Plan retirement pension, but have not filed an election to stop paying CPP contributions
Canada Revenue Agency (CRA): a federal government agency that manages the following
business lines for the federal government (2) - CORRECT ANSWER: - Tax services
- Benefit programs