Overview of Payroll in Canada - Learning Payroll 1

Overview of Payroll in Canada - Learning Payroll 1

  • Country

    Canada

  • learning hour's

    8

  • Material Year

    2023

Overview

Learning Payroll I provides an introduction to the payroll function. Learn about establishing the employee-employer relationship, hiring a new employee, employment standards requirements, taxable benefits and allowances along with the payroll practitioner's key role in withholding statutory deductions from employment income.

This full-day seminar provides opportunities to ask questions, network with other professionals, and learn from best practice examples. Valuable take home materials include Setting-up A New Payroll Checklist and Learning Payroll I printed material.

The first-step in payroll - Learning Payroll I 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.

What will you achieve?

  • Identify concepts of the roles and responsibilities of payroll compliance
  • Identify whether a worker is an employee or independent contractor
  • Describe basic employment standards
  • Recognize common taxable benefits and allowances
  • Understand the basic concepts of payroll deductions
  • Calculate manually to produce a net pay

Course Trainers

  • Klea

    CPM

    Klea is one of nine subject matter experts in payroll legislation, research and training with Compliance Services and Programs team at the National Payroll Institute. When Klea is not assisting members with their payroll enquiries through InfoLine, she is reviewing and updating material for the professional development seminars along with employer guides for the federal and provincial governments. Klea also facilitates the Institute's Professional Development seminars and webinars

What will be covered?

Introduction:

  • Defining payroll
  • Roles and responsibilities
  • Earnings and deductions
  • Methods of payment
  • Controls and security
  •  

    Employer-Employee Relationship:

  • Employee-employer relationship
  • Hiring an employee
  •  

    Employment/Labour Standards:

  • Minimum wage
  • Pay frequency
  • Pay statement
  • Hours of work
  • Overtime
  • Rest periods
  • Statutory holidays
  • Vacation pay and time
  • Leaves
  •  

    Taxable Benefits and Allowances:

  • Accidental death & dismemberment (AD&D)
  • Group term life insurance premiums
  • Private health care/insurance plan (Quebec only)
  • Registered retirement savings plan
  • Gift and awards
  • Automobile allowance
  • Meal allowance (overtime)
  • Uniforms and special clothing
  •  

    Producing a Regular Pay:

  • Gross earnings
  • Insurable earnings
  • Pensionable earnings
  • Net Taxable Income
  • Statutory deductions
  • Calculating the net pay