ABOUT THE AUTHOR

From 2005 to 2022 Alexander Bobkov (Alex) has 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.

• 1. INTRODUCTION TO CANADIAN PAYROLL
  • 1.1. Payroll Objectives and Definitions
    • 1.1.1. Legislation vs. regulation
    • 1.1.2. Payroll Content Knowledge
    • 1.1.3. Technical Skills
    • 1.1.4. Personal and Professional Skills
    • 1.1.5. Behavioural and Ethical Standards
  • 1.2. Payroll Stakeholders
    • 1.2.1. Payroll Management Stakeholders
    • 1.2.2. Government Stakeholders
    • 1.2.3. Federal Government
    • 1.2.4. Provincial/Territorial Governments
    • 1.2.5. Internal Stakeholders
    • 1.2.6. External Stakeholders
  • 1.3. Content Review
  • 1.4. Review Questions
• 2. EMPLOYEE vs. INDEPENDENT CONTRACTOR
  • 2.1. The Employee-Employer Relationship
    • 2.1.1. Contract of Service (Employment)
    • 2.1.2. Contract for Service (Subcontracting)
  • 2.2. Factors Determining the Type of Contract
    • 2.2.1. Control
    • 2.2.2. Tools and Equipment
    • 2.2.3. Subcontracting Work or Hiring Assistants
    • 2.2.4. Financial Risk
    • 2.2.5. Responsibility for Investment and Management
    • 2.2.6. Opportunity for Profit
  • 2.3. Review Summary
  • 2.4. Review Questions
• 3. PAYROLL COMPLIANCE AND REGULATIONS
  • 3.1. Introduction
  • 3.2. Payroll Objectives
  • 3.3. Responsibilities and Functions of Payroll
  • 3.4. Payroll Stakeholders
    • 3.4.1. Government Stakeholders
    • 3.4.2. Federal Government
    • 3.4.3. Provincial/Territorial Governments
    • 3.4.4. Internal Stakeholders
    • 3.4.5. External Stakeholders
  • 3.5. Legislations and Regulations
    • 3.5.1. Legislative Compliance
    • 3.5.2. Self-Assessment
  • 3.6. The Employee-Employer Relationship
    • 3.6.1. Contract of Service (Employment)
    • 3.6.2. Contract for Service (Subcontracting)
    • 3.6.3. Factors Determining the Type of Contract
  • 3.7. Review Summary
  • 3.8. Review Questions
• 4. Canada Pension Plan
  • 4.1. Who Must Contribute to the Canada Pension Plan
• 5. Employment Insurance
• 6. Record of Employment
• 7. CALCULATING NET EARNINGS
  • 7.1. Employment Income
  • 7.2. Allowances
  • 7.3. Expenses
  • 7.4. Benefits
• 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
  • 8.2. Required Federal and Provincial/Territorial Forms
    • 8.2.1. Tax Credits (TD1)
    • 8.2.2. Tax Credits (TP-1015.3-V - Québec)
  • 8.3. Entering Employee Information into Sage50
    • 8.3.1. Review Questions
  • 8.4. Content Review Highlights
  • 8.5. Review Questions (Sample)
  • 8.6. Example Evaluations
• 9. Payroll Accounting
  • 9.1. Journal Entries
    • 9.1.1. Accounting Recap
    • 9.1.2. Journal Entries
• 10. REVIEW QUESTIONS
  • 10.1. New Employee Information
• 11. TERMINOLOGY
  • 11.1. Pensionable Earnings
  • 11.2. Insurable Earnings
• 12. RATES FOR 2025
  • 12.1. CANADA / QUEBEC PENSION PLAN (CPP / QPP)
  • 12.2. CPP2 CONTRIBUTION RATES MAXIMUMS
• 13. REFERENCES
• 14. Errors and Errata

Glossary

• Index

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