Overview of Payroll in Canada - Learning Payroll 2
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Country
Canada
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learning hour's
8
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Material Year
2024
Overview
Learning Payroll II expands on the concepts from Learning Payroll I by exploring more complex processes and government requirements. This interactive, exercise-based seminar covers the fundamentals of irregular payments, government remittance and reporting, along with basic termination information and how to complete the ROE.
This full-day seminar provides opportunities to ask questions, network with other professionals, and learn from best practice examples. Valuable take home materials include exercises and Learning Payroll II learning materials.
The second-step in payroll - Learning Payroll II is ideal for:
- New staff with no or limited exposure to payroll and junior payroll staff
- Practitioners returning to the payroll field
- Other professionals who have functional responsibility for payroll (bookkeepers, accountants, and HR professionals)
- Suppliers providing payroll services to corporate customers.
Although Learning Payroll I is not a prerequisite, it is strongly recommended.
What will you achieve?
- Calculate and produce irregular payments using the bonus tax method
- Best practices and procedures for correcting payroll
- Identify, classify and calculate statutory remittances to Canada Revenue Agency and Revenu Quebec
- Describe, categorize and evaluate other government reporting such as health taxes and workers compensation premiums
- Determine the termination notice based on province of employment
- Prepare the Record of Employment (ROE) form
What will be covered?
Irregular Earnings:
Bonuses
Vacation pay
Overtime pay
Pay in lieu of notice
Commissions
Sick leave payments
Retroactive payments
Correcting errors and recovering salary or wage:
Correction a payroll error
Pay adjustment to correct an underpayment
Recovering overpayment
Salary paid in error
Repayment of salary or wages
Statutory remittances and reporting:
Canada Revenue
Agency payroll account
When and how to remit to the CRA
Employment Insurance premium reduction
Revenu Québec enterprise number
When and how to remit to the RQ
Other government reporting and record retention:
Provincial healthcare and education taxes and remittances
Provincial workers' compensation reporting
Statistics Canada
Records retention
Privacy legislation
Termination of employment:
Notice of termination
Salary continuance
Severance pay
Retiring allowances
Record of Employment
Commission record of employment
