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National Payroll Institute PF1 Exam Syllabus Topics:
| Section | Objectives |
| Payroll Fundamentals and Compliance Framework | - Payroll legislation and regulatory bodies
- 1. Employment Insurance (EI) rules
- 2. Canada Pension Plan (CPP) requirements
- 3. Income Tax Act basics
- Payroll system overview in Canada
- 1. Payroll process cycle (gross-to-net)
- 2. Employer payroll obligations
|
| Earnings, Deductions, and Taxation | - Types of earnings
- 1. Taxable benefits
- 2. Overtime and special payments
- 3. Regular wages and salaries
- Deductions and remittances
- 1. Statutory deductions
- 2. Voluntary deductions
- 3. Employer remittance responsibilities
|
| Payroll Records and Compliance Reporting | - Recordkeeping requirements
- 1. Employee payroll records
- 2. Retention requirements
- Government reporting
- 1. Remittance reporting processes
- 2. Year-end reporting (T4 slips)
|
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
1. The capital cost of an employer-owned vehicle includes:
A) The cost of the vehicle, vehicle options, accessories, sales tax and additions that add to depreciation value
B) The cost of the vehicle, vehicle options, specialized equipment to meet requirements of employment
C) The cost of the vehicle, sales tax, customized heavy-duty suspension and power winches to meet requirement of employment uses
D) The cost of the vehicle excluding sales tax
2. What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?
A) The employee's number of years of service with the employer and its associated companies prior to
1996
B) The employee's average earnings from the past five years with the employer and its associated companies
C) The employee's age plus the employee's average earnings from the past five years with the employer and its associated companies
D) The employee's wages at the point of receiving the retiring allowance
3. What is piecework?
A) Earnings which are based on the amount of time worked, usually at a rate per hour or per day
B) A fixed amount of earnings paid to an employee per pay period, regardless of the number of hours worked or the production they accomplished
C) A rate of pay earned per unit of production, regardless of the length of time taken
D) All of the above
4. Jasmine works for a Saskatchewan employer and earns $500.00 weekly. Calculate her Employment Insurance (EI) premium.
5. Charlene receives $50.00 each pay for her meals. This is an example of:
A) None of the above
B) A benefit
C) A reimbursement
D) An allowance
Solutions:
Question # 1 Answer: A | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: Only visible for members | Question # 5 Answer: D |