Question 1

A payroll sub-account with the Canada Revenue Agency begins with:

Accepted Answer

A)   9
B)   RP
C)   BN
D)   ID
E)   0 B

Question 2

Name and describe the principles regarding insurance for injured workers common in all jurisdictions as recommended by Sir William Ralph Meredith.

Accepted Answer

No-fault compensation - no matter who is at fault, workplace injuries should be compensated. Collective liability - the total cost should be shared by all employers.
Security of payment - a fund must be established to guarantee money will be available as needed. Exclusive jurisdiction - the compensation board has the final authority for all claims and the power to judge each based on merit.
Independent board - the governing board is autonomous and non-political.

Question 3

If an employer forgets to deduct Employment Insurance contributions from employee payments, the employer will still have to remit both the employee and employer contributions at year end filing.

Accepted Answer

A) True 
 B)False  True

Question 4

Employment Insurance is administered by:

Accepted Answer

A)   Unemployment Insurance Board
B)   Employment Insurance Board
C)   Workers Compensation and Insurance Board
D)   Canada Revenue Agency
E)   Service Canada

Question 5

Quebec administers a separate program for both Employment Insurance and Pension that requires remittances be made direct to the Province of Quebec rather than remitting to the federal Canada Revenue Agency.

Accepted Answer

A) True 
 B)False

Question 6

In addition to with-holding and remitting statutory deductions to the Canada Revenue Agency, employers must also contribute to these programs.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

In Ontario the administration of the worker insurance program is under the management of the:

Accepted Answer

A)   Worker Safety and Insurance Board
B)   Worker Compensation Board
C)   Services Canada
D)   Health Canada
E)   Canada Revenue Agency

Question 10

The actual premium for the Ontario Employer Health tax must be submitted by:

Accepted Answer

A)   December 31 of the current year
B)   March 15 of the following year
C)   February 28 of the following year
D)   March 30 of the following year
E)   December 31 of the following year

Question 11

Employer premiums for Employment Insurance equal	----------% of the employee contribution amount.

Accepted Answer

A)   100%
B)   50%
C)   4.95%
D)   1.88%
E)   140%

Question 12

If an employer with-holds a total of $35,000 annually from employee payments for Canada Pension Plan contributions, the total required remittance amount to CRA for the year will be:

Accepted Answer

A)   $84,000
B)   $49,000
C)   $35,000
D)   $0
E)   $70,000

Question 13

If an employer forgets to deduct Canada Pension Plan contributions from employee payments, the employee will be forced to make up the difference when they file their annual personal tax return.

Accepted Answer

A) True 
 B)False

Question 14

Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Logging Industry rate category (assume no employees exceed the maximum assessable earnings for the year).

Accepted Answer

The answer of Calculate the Workers' Compensation premium owing for...

Question 15

All individuals who receive compensation from a business must be registered and covered by the provincial Workers' Compensation program, including partners and executive officers.

Accepted Answer

A) True 
 B)False

Question 16

In addition to registering with the federal government, a business must register in each province or territory where they have an operation.

Accepted Answer

A) True 
 B)False

Question 17

A federal Business Number with the Canada Revenue Agency is not required for the following:

Accepted Answer

A)   To advertise products online.
B)   To register for the Harmonized Sales Tax.
C)   To register for the Goods and Services tax.
D)   To file tax returns.
E)   To import or export goods.

Question 18

Industry rates for Workers' Compensation premiums are likely to be lower for workers in dangerous jobs such as logging than they are for office work.

Accepted Answer

A) True 
 B)False

Question 19

Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Educational facilities Industry rate category (assume no employees exceed the maximum assessable earnings for the year).

Accepted Answer

The answer of Calculate the Workers' Compensation premium owing for...

Question 20

Employers must register with the Canada Revenue Agency to receive a	----------------digit federal Business Number

Accepted Answer

A)   3
B)   11
C)   9
D)   4
E)   7

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

A payroll sub-account with the Canada Revenue Agency begins with:

Name and describe the principles regarding insurance for injured workers common in all jurisdictions as recommended by Sir William Ralph Meredith.

If an employer forgets to deduct Employment Insurance contributions from employee payments, the employer will still have to remit both the employee and employer contributions at year end filing.

Employment Insurance is administered by:

Quebec administers a separate program for both Employment Insurance and Pension that requires remittances be made direct to the Province of Quebec rather than remitting to the federal Canada Revenue Agency.

In addition to with-holding and remitting statutory deductions to the Canada Revenue Agency, employers must also contribute to these programs.

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

In Ontario the administration of the worker insurance program is under the management of the:

The actual premium for the Ontario Employer Health tax must be submitted by:

Employer premiums for Employment Insurance equal ----------% of the employee contribution amount.

If an employer with-holds a total of $35,000 annually from employee payments for Canada Pension Plan contributions, the total required remittance amount to CRA for the year will be:

If an employer forgets to deduct Canada Pension Plan contributions from employee payments, the employee will be forced to make up the difference when they file their annual personal tax return.

Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Logging Industry rate category (assume no employees exceed the maximum assessable earnings for the year).

All individuals who receive compensation from a business must be registered and covered by the provincial Workers' Compensation program, including partners and executive officers.

In addition to registering with the federal government, a business must register in each province or territory where they have an operation.

A federal Business Number with the Canada Revenue Agency is not required for the following:

Industry rates for Workers' Compensation premiums are likely to be lower for workers in dangerous jobs such as logging than they are for office work.

Calculate the Workers' Compensation premium owing for an employer in Ontario with assessable earnings equal to $295,000 annually in the Educational facilities Industry rate category (assume no employees exceed the maximum assessable earnings for the year).

Employers must register with the Canada Revenue Agency to receive a ----------------digit federal Business Number