Exam 7: Employer Obligations and Requirements: A Comprehensive Guide to Statutory Deductions and Registrations in Canada

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Under which scenario could permission be granted to the employer to reduce the amount of Employment Insurance premiums due to the Canada Revenue Agency?

(Multiple Choice)

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Question 21

If an employee works for more than one employer in the year and pays more than the annual maximum for EI as a result, they will receive a refund on their annual tax return.

(True/False)

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(40)

Question 22

If an employee works for more than one employer in the year and pays more than the annual maximum for EI as a result, the employer will receive a refund on their annual tax return.

(True/False)

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(39)

Question 23

When is an employer required to register a payroll sub-account under the Business Number?

(Multiple Choice)

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Question 24

Every province administers their own pension fund.

(True/False)

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Question 25

The fully loaded cost to an employer of hiring staff is equal to the employee gross wages plus approximately --------------%.

(Multiple Choice)

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Question 26

Employer contributions for Canada Pension Plan equal -----------% of the employee contribution amount.

(Multiple Choice)

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Question 27

The actual premium for an employer must be submitted to the Worker Safety Insurance Board by:

(Multiple Choice)

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Question 28

Industry rates for Workers' Compensation premiums are determined based on the historical rate of injury claims from the industry and may be higher depending on incidence of past claims.

(True/False)

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Question 29

Each province and territory provides the administration of Workers' Compensation including all but the following:

(Multiple Choice)

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Question 30

The following province does not assess an Employer Health Tax:

(Multiple Choice)

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Question 31

Showing 21 - 31 of 31

Under which scenario could permission be granted to the employer to reduce the amount of Employment Insurance premiums due to the Canada Revenue Agency?

If an employee works for more than one employer in the year and pays more than the annual maximum for EI as a result, they will receive a refund on their annual tax return.

If an employee works for more than one employer in the year and pays more than the annual maximum for EI as a result, the employer will receive a refund on their annual tax return.

When is an employer required to register a payroll sub-account under the Business Number?

Every province administers their own pension fund.

The fully loaded cost to an employer of hiring staff is equal to the employee gross wages plus approximately --------------%.

Employer contributions for Canada Pension Plan equal -----------% of the employee contribution amount.

The actual premium for an employer must be submitted to the Worker Safety Insurance Board by:

Industry rates for Workers' Compensation premiums are determined based on the historical rate of injury claims from the industry and may be higher depending on incidence of past claims.

Each province and territory provides the administration of Workers' Compensation including all but the following:

The following province does not assess an Employer Health Tax:

Employment and Payroll Regulations

Understanding Employment Standards Legislation and Compensation Offerings

Determining Taxable Allowances for Employees

Canadian Payroll Deductions: CPP and EI Contributions, Exemptions, and Deductions

Employee Payroll and Deduction Policies and Guidelines

Payroll and Benefits: Common Misconceptions and Calculation Methods

Payroll and General Ledger FAQS

Computer Processing Choices, Non-Recurring Payments, Integrated Systems, and Software Considerations in Payroll Processing

Payment Voucher

Termination and Record of Employment: Important Considerations and Procedures

Important Information About T4 Forms and Filing Requirements

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