ABOUT THE AUTHOR

Alexander Bobkov (Alex) is the author of this comprehensive and practical study guide for Payroll Administration, drawing on nearly two decades of hands-on experience in the corporate accounting field. From 2005 to 2022, Alexander successfully operated his own accounting firm, offering bookkeeping, accounting, and payroll services to a diverse clientele in the National Capital Regions. With a rich educational background that spans from a college diploma in Business Management to a Master’s degree in Business Administration, he brings both academic insight and practical expertise from his work. For the past five years, Alexander has focused specifically on the IT and payroll sector. This study guide reflects his long-standing goal: to help professional business managers to build a solid foundation in payroll administration while easing the anxiety often associated with its complexity. Designed to be clear, practical, and empowering, the guide equips readers with the skills needed to confidently perform essential payroll functions encountered in day-to-day operations.

Table of Contents:

• 1. PREFACE
• 2. INTRODUCTION
  • 2.1. Outcomes
    • 2.1.1. Payroll Legal Framework
• 3. TERMINOLOGY
  • 3.1. Pensionable Earnings
  • 3.2. Insurable Earnings
• 4. PAYROLL COMPLIANCE AND REGULATIONS
  • 4.1. Introduction
  • 4.2. Payroll Objectives
  • 4.3. Responsibilities and Functions of Payroll
  • 4.4. Payroll Stakeholders
    • 4.4.1. Government Stakeholders
    • 4.4.2. Federal Government
    • 4.4.3. Provincial/Territorial Governments
    • 4.4.4. Internal Stakeholders
    • 4.4.5. External Stakeholders
  • 4.5. Legislations and Regulations
    • 4.5.1. Legislative Compliance
    • 4.5.2. Self-Assessment
  • 4.6. The Employee-Employer Relationship
    • 4.6.1. Contract of Service (Employment)
    • 4.6.2. Contract for Service (Subcontracting)
    • 4.6.3. Factors Determining the Type of Contract
  • 4.7. Review Summary
  • 4.8. Review Questions
• 5. Canada Pension Plan
  • 5.1. Who Must Contribute to the Canada Pension Plan
• 6. Employment Insurance
• 7. Record of Employment
• 8. DETERMINING ANNUAL AND PAY PERIOD EARNINGS
  • 8.1. Employment Income
  • 8.2. Allowances
  • 8.3. Expenses
  • 8.4. Benefits
• 9. OBNOARDING EMPLOYEE
  • 9.1. Internal Forms
    • 9.1.1. Authorization for Hiring
    • 9.1.2. Union Membership
    • 9.1.3. Benefit Enrollment Forms
    • 9.1.4. Confidentiality Agreement
  • 9.2. Required Federal and Provincial/Territorial Forms
    • 9.2.1. Tax Credits (TD1)
    • 9.2.2. Tax Credits (TP-1015.3-V - Québec)
  • 9.3. Entering Employee Information into Sage50
    • 9.3.1. Review Questions
  • 9.4. Content Review Highlights
  • 9.5. Review Questions (Sample)
  • 9.6. Example Evaluations
• 10. Payroll Accounting
  • 10.1. Journal Entries
    • 10.1.1. Accounting Recap
    • 10.1.2. Journal Entries
• 11. REVIEW QUESTIONS
  • 11.1. New Employee Information
• 12. TD1
  • 12.1. TD1 - 2025 Personal Tax Credits Return
• 13. CALCULATING NET PAY
  • 13.1. Salary
  • 13.2. Commission
  • 13.3. Pension
• 14. RATES FOR 2025
  • 14.1. CANADA / QUEBEC PENSION PLAN (CPP / QPP)
  • 14.2. CPP2 CONTRIBUTION RATES MAXIMUMS
  • 14.3. References
• 15. REFERENCES
• 16. Errors and Errata
• 17. TITLE #
  • 17.1. TITLE =

Glossary

• Index

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