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Through this material, students will gain a comprehensive understanding of core payroll principles and practices. They will explore legislative compliance requirements and the role of key regulatory bodies that govern payroll operations in Canada.
-Students will learn how to:
+The material of this study guide aim to make students to be be able to:
Accurately calculate net pay for salaried, hourly, commissioned, and contract employees.
Identify and meet payroll-related obligations for businesses.
Payroll’s responsibilities from hiring through to termination.
Payroll compliance legislation in practical scenarios.
Individual pay calculation process.
The material of this study guide aim to make students to be be able to:
-Calculate regular individual pay
Calculate non-regular individual pay
Calculate termination payments
Complete a Record of Employment (ROE)
Apply federal and provincial legislation to payroll, including: -- The Canada Pension Plan Act -- The Employment Insurance Act -- The Income Tax Act -- Employment Standards legislation -- Workers’ Compensation Acts -- Québec-specific legislation
Introduction to Canadian Payroll
Labour and Employment Standards
Accounting for Payroll
Calculating Gross Pay
Pensionable, Insurable, and Taxable Earnings
Calculating Net Pay
Calculating Employer’s Source Deduction Remittances
Termination of Employment:
-Record of Employment (ROE)
Termination Payments
Retirement Pay
Apply federal and provincial legislation to payroll, including:
+The Canada Pension Plan Act
The Employment Insurance Act
The Income Tax Act
Employment Standards legislation
Workers’ Compensation Acts
Québec-specific legislation
In other words, the material covers the foundational knowledge and technical skills needed to confidently perform payroll tasks in a variety of employment settings.
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