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Scenario:
The new Finance Manager, Rose Wilson, does not have experience with payroll and has requested that you explain how the statutory deductions are calculated.
Write a memo to Rose explaining what the statutory deductions consist of and by what methods they may be determined.
Scenario:
You have been asked by the payroll manager to create a memo explaining gross pensionable/taxable income and net taxable income for the junior payroll professionals in the department. Your summary will assist them with this learning curve.
Scenario:
Your supervisor, Janine Beauregard, has requested you prepare a memo explaining what a Record of Employment is, the importance of the form, and the importance of completing the form accurately. She is going to use the information you provide in a meeting with the payroll professionals to reinforce the importance of completing accurate Record of Employment forms.
Scenario:
The Payroll Manager, Gilles Lowney, has requested a summary of how the Canada Revenue Agency shares responsibility for the administration of the Canada Pension Plan and Employment Insurance programs with other federal agencies. In a memo format, outline the responsibilities of each appropriate agency, for each of the programs.
Discussion Activity:
The TD1 form is used by employees to claim federal personal tax credits impacting their tax deductions. Choose three of the tax credit amounts available on the TD1 (except the basic personal amount) and explain who might claim these tax credits and how this will impact the employee’s tax situation.
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