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National Payroll Institute PF1 Exam Syllabus Topics:
| Section | Objectives |
| Provincial Remittances | - Provincial payroll requirements
- 1. Provincial reporting obligations
- 2. Provincial payroll taxes
|
| Non-Statutory Deductions | - Voluntary deductions
- 1. Benefit premiums
- 2. Union dues
|
| Record of Employment | - ROE processing
- 1. ROE completion requirements
- 2. Electronic filing
|
| Payroll Accounting | - Payroll accounting practices
- 1. Journal entries
- 2. Payroll reconciliations
|
| New Employee Information | - Employee setup and documentation
- 1. Federal and provincial tax forms
- 2. Payroll records management
|
| Non-Regular Payments | - Special payroll payments
- 1. Bonus payments
- 2. Vacation pay calculations
|
| Federal Remittances | - Government remittance obligations
- 1. CPP and EI remittances
- 2. Income tax remittances
|
| Workers’ Compensation | - Workers compensation administration
- 1. Premium calculations
- 2. Employer reporting
|
| Commission Payments | - Commission payroll processing
- 1. Tax treatment of commissions
- 2. Commission earnings calculations
|
| Termination of Employment | - Termination processing
- 1. Termination pay calculations
- 2. Severance payments
|
| Employment Income – Regular Earnings | - Regular payroll calculations
- 1. Overtime calculations
- 2. Salary and hourly wage calculations
|
| Year-End Processing | - Federal and provincial year-end reporting
- 1. Year-end reconciliations
- 2. T4 and RL-1 preparation
|
| Employment Income – Allowances, Expenses and Benefits | - Taxable and non-taxable benefits
- 1. Benefit taxation
- 2. Allowances and reimbursements
|
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
1. A Third Party Demand is issued by the Canada Revenue Agency for:
A) A debt owed to a third party creditor
B) Unpaid income taxes or unpaid statutory deductions
C) Overpaid Employment Insurance benefits
D) Outstanding child support and/or maintenance payments
2. Which of the following company-compulsory deductions would reduce the employee's gross taxable income for purposes of withholding income taxes?
A) All of the above
B) Employee payment of provincial health care plan premiums
C) Employee contributions to a group Registered Retirement Savings Plan (RRSP)
D) Employee payment of a portion of group benefit plan premiums
3. When is the government-prescribed rate of interest set?
A) The first of each month
B) Each calendar quarter
C) Semi-annually
D) Annually
4. Evangeline earns $1,075.00 weekly plus $154.00 in overtime. Calculate Evangeline's Quebec Parental Insurance Plan (QPIP) premium.
5. Duncan Drapak was employed in Ontario. Upon termination of his employment, he will be paid $7,760.00 legislated wages in lieu of notice together with his final weekly pay of $875.00. Calculate Duncan's Canada Pension Plan (CPP) contribution if the yearly maximum contribution will not be exceeded.
Solutions:
Question # 1 Answer: B | Question # 2 Answer: C | Question # 3 Answer: B | Question # 4 Answer: Only visible for members | Question # 5 Answer: Only visible for members |