7. CALCULATING NET EARNINGS¶
+8. CALCULATING NET EARNINGS¶
7.1. Employment Income¶
+8.1. Employment Income¶
7.2. Allowances¶
+8.2. Allowances¶
7.3. Expenses¶
+8.3. Expenses¶
7.4. Benefits¶
+8.4. Benefits¶
Table of Contents
-
-
- 7. CALCULATING NET EARNINGS
@@ -79,12 +79,12 @@
- 4. Canada Pension Plan¶
+5. Canada Pension Plan¶
Objective of this section is to enable you to identify the following Canada Pension Plan components:
-
@@ -137,7 +137,7 @@ were based. Individuals can apply for their CPP retirement pension when they tur
Québec Pension Plan (QPP). The two plans work together to ensure that all contributors are protected, no matter where the
individual lives. Québec Pension Plan requirements will be covered later in this course.
- - next |
- - previous | - +
Authorization for hiring
@@ -111,7 +111,7 @@ accurately and on time.
Confidentiality agreement
Amount of union dues to be deducted
@@ -131,7 +131,7 @@ accurately and on time.
Employee indicates coverage type
@@ -139,7 +139,7 @@ accurately and on time.
Defines proprietary data
@@ -148,7 +148,7 @@ accurately and on time.
Social Insurance Number
Basic personal amount
Canada caregiver (infirm children)
@@ -192,7 +192,7 @@ accurately and on time.
Basic amount
Transfer from spouse
@@ -209,7 +209,7 @@ accurately and on time.
What is the significance of accurately entering the “Date Hired” field when setting up a new employee profile in Sage 50?
Accurately entering the “Date Hired” in Sage 50 is a critical step in ensuring the integrity of payroll records and overall HR @@ -262,7 +262,7 @@ Payroll department holds this information, it cannot be disclosed to supervisors
Consent is required for personal info collection
TD1 and TP-1015.3-V are used to calculate source deductions
@@ -271,7 +271,7 @@ Payroll department holds this information, it cannot be disclosed to supervisors
What does an offer letter signature signify?
What documents are included in a commencement package?
@@ -283,7 +283,7 @@ Payroll department holds this information, it cannot be disclosed to supervisors
- 8. OBNOARDING EMPLOYEE
-
-
- 8.1. Internal Forms
-
-
- 8.1.1. Authorization for Hiring -
- 8.1.2. Union Membership -
- 8.1.3. Benefit Enrollment Forms -
- 8.1.4. Confidentiality Agreement +
- 9. OBNOARDING EMPLOYEE
-
+
- 9.1. Internal Forms -
- 8.2. Required Federal and Provincial/Territorial Forms
-
-
- 8.2.1. Tax Credits (TD1) -
- 8.2.2. Tax Credits (TP-1015.3-V - Québec) +
- 9.2. Required Federal and Provincial/Territorial Forms -
- 8.3. Entering Employee Information into Sage50
This Page
@@ -374,13 +374,13 @@ Payroll department holds this information, it cannot be disclosed to supervisors index- - next |
- - previous |
- +diff --git a/docs/build/html/payroll_accounting.html b/docs/build/html/payroll_accounting.html index 9c63a72..334b5eb 100644 --- a/docs/build/html/payroll_accounting.html +++ b/docs/build/html/payroll_accounting.html @@ -5,7 +5,7 @@ -9. Payroll Accounting — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation +10. Payroll Accounting — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation @@ -15,8 +15,8 @@ - - + + @@ -41,11 +41,11 @@- 9. Payroll Accounting¶
+10. Payroll Accounting¶
- 9.1. Journal Entries¶
+10.1. Journal Entries¶
- 9.1.1. Accounting Recap¶
+10.1.1. Accounting Recap¶
@@ -59,7 +59,7 @@ Payroll accounting includes the management of employee wages, tax withholdings, benefit deductions, and other payroll-related expenses. The system is designed to automate these processes, ensuring accuracy and compliance with Canadian payroll regulations.- 9.1.2. Journal Entries¶
+10.1.2. Journal Entries¶
Journal entries are a key part of payroll accounting, as they document the financial impact of payroll transactions on the organization’s accounts. Each payroll run generates a series of journal entries that reflect the distribution of wages, taxes, and deductions across various accounts. These entries are essential for maintaining accurate financial records and ensuring that the organization’s financial statements reflect the true cost of employee compensation. The Canadian Payroll Administration system automates the generation of these journal entries, reducing the risk of errors and ensuring compliance with accounting standards.
@@ -108,10 +108,10 @@ These entries are essential for maintaining accurate financial records and ensur
Table of Contents
-
-
- 9. Payroll Accounting
-
-
- 9.1. Journal Entries
-
-
- 9.1.1. Accounting Recap -
- 9.1.2. Journal Entries +
- 10. Payroll Accounting @@ -122,12 +122,12 @@ These entries are essential for maintaining accurate financial records and ensur
- 9.1. Journal Entries
- 8.1. Internal Forms
- 4.1. Who Must Contribute to the Canada Pension Plan¶
+5.1. Who Must Contribute to the Canada Pension Plan¶
The CPP is a contributory plan. This means that all costs are covered by the financial contributions paid by employees, employers and self-employed workers, and from revenue earned on CPP investments. The CPP is not funded through general tax revenues.
@@ -188,7 +188,7 @@ to CPP contributions:- 5. Employment Insurance¶
+6. Employment Insurance¶
Objective of this section is to enable you to identify the following Employment Insurance components:
-
@@ -213,7 +213,7 @@ employers, employees, or both. Although this chapter focuses specifically on the
information about private insurance plans will be covered in the later chapters.
- 6. Record of Employment¶
+7. Record of Employment¶
The Record of Employment (ROE) is the form used by Service Canada to determine an individual’s qualification to collect Employment Insurance benefits when their employment is interrupted, how much the benefit will be and how long they will collect it. As payroll is responsible for completing the ROE, the form will be illustrated in this chapter, along with an @@ -230,24 +230,24 @@ explanation of what payroll information must be tracked for ROE reporting purpos
This Page
@@ -277,13 +277,13 @@ explanation of what payroll information must be tracked for ROE reporting purpos indexdiff --git a/docs/build/html/errata.html b/docs/build/html/errata.html index a13bd23..dc11aa0 100644 --- a/docs/build/html/errata.html +++ b/docs/build/html/errata.html @@ -5,7 +5,7 @@ -14. Errors and Errata — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation +15. Errors and Errata — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation @@ -15,7 +15,7 @@ - + @@ -37,7 +37,7 @@- @@ -50,7 +50,7 @@14. Errors and Errata¶
+15. Errors and Errata¶
diff --git a/docs/build/html/objects.inv b/docs/build/html/objects.inv index 3eae4a5..201f8ba 100644 Binary files a/docs/build/html/objects.inv and b/docs/build/html/objects.inv differ diff --git a/docs/build/html/onboarding_employee.html b/docs/build/html/onboarding_employee.html index c759c00..b735afc 100644 --- a/docs/build/html/onboarding_employee.html +++ b/docs/build/html/onboarding_employee.html @@ -5,7 +5,7 @@ - 8. OBNOARDING EMPLOYEE — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation +9. OBNOARDING EMPLOYEE — 🍁 Payroll Administration Fall 2025 (v25.08.23) documentation @@ -15,8 +15,8 @@ - - + + @@ -41,7 +41,7 @@- 8. OBNOARDING EMPLOYEE¶
+9. OBNOARDING EMPLOYEE¶
In the context of Canadian payroll administration, onboarding an employee refers to the formal process of integrating a new hire into both the organizational and payroll systems. It ensures that the employee is properly registered, legally compliant, and ready to be paid accurately and on time.
@@ -101,7 +101,7 @@ accurately and on time. - Net pay- 8.1. Internal Forms¶
+9.1. Internal Forms¶
Typical commencement package forms include:
- 8.1.2. Union Membership¶
+9.1.2. Union Membership¶
For unionized workplaces:
- 8.1.3. Benefit Enrollment Forms¶
+9.1.3. Benefit Enrollment Forms¶
Forms cover group insurance and pension plans:
- 8.1.4. Confidentiality Agreement¶
+9.1.4. Confidentiality Agreement¶
A legally binding agreement protecting sensitive company info:
- 8.2. Required Federal and Provincial/Territorial Forms¶
+9.2. Required Federal and Provincial/Territorial Forms¶
Purpose: Determine correct income tax withholdings.
Forms:
-
@@ -169,7 +169,7 @@ accurately and on time.
- 8.2.1. Tax Credits (TD1)¶
+9.2.1. Tax Credits (TD1)¶
- 8.2.2. Tax Credits (TP-1015.3-V - Québec)¶
+9.2.2. Tax Credits (TP-1015.3-V - Québec)¶
- 8.3. Entering Employee Information into Sage50¶
+9.3. Entering Employee Information into Sage50¶
To enter a new employee into the Sage 50 Payroll module (Canada edition), start by navigating to the Employees & Payroll section in the Home window. Right-click the Employees icon and choose “Add Employee” to begin creating employee’s record. Input the employee’s full legal name. Then, proceed to fill in the personal and payroll details across several tabs: the Personal tab for birth date and contact info, the Taxes tab to select the appropriate provincial @@ -233,7 +233,7 @@ regulatory standards.
- 8.3.1. Review Questions¶
+9.3.1. Review Questions¶
- 8.4. Content Review Highlights¶
+9.4. Content Review Highlights¶
- 8.5. Review Questions (Sample)¶
+9.5. Review Questions (Sample)¶
- 8.6. Example Evaluations¶
+9.6. Example Evaluations¶
Gloria Meyer (Alberta): - Claimed: Basic, eligible dependant, transferred tuition - Appears accurate
@@ -311,26 +311,26 @@ Payroll department holds this information, it cannot be disclosed to supervisorsTable of Contents
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-