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45 lines
2.2 KiB
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INTRODUCTION TO CANADIAN PAYROLL
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Payroll is a necessary function in every organization that has employees,
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as each employee expects to be paid for the work they perform. While the
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amount of maximum remuneration that an employee receives for their work is
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not legislated by any government (unless the employee is a federal or
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provincial/territorial civil servant), there is legislation in place at
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both the federal and provincial/territorial levels that governs many
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aspects of processing employees' pay, their taxable benefits and observing
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their rights as employees.
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t is important to note that this course deals with payroll, the function of paying employees
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for work performed for employers. Self-employed workers or contractors, who submit
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invoices for the work they perform and receive payment through accounts payable and not
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payroll, are not employees.
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Both the federal and the Québec governments provide factors that can be used to determine
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whether an employee-employer relationship exists. It is crucial to know how to determine the
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type of relationship that exists between the worker and the organization and to ensure that
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any payments made comply with legislation.
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Payroll Objectives and Definitions
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The **primary objective of the payroll function** in every organization is to
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pay employees accurately and on time, in compliance with legislative
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requirements, for a full annual payroll cycle.
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Every employee expects to receive their pay on the day it is due in the
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manner arranged with their employer, either by cheque or direct deposit.
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In addition to ensuring that employees have been paid, payroll
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practitioners must also be able to communicate payroll information to
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all stakeholders.
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- Payroll is the process of paying employees in exchange for the services
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they perform.
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- Legislation refers to laws enacted by a legislative body. In Canada
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there are many legislative sources that payroll practitioners must comply
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with at two separate levels ─ the federal and the provincial/territorial
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governments. Later in the chapter we will explore the compliance
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requirements for the various pieces of legislation from these sources.
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