Test 1 Flashcards
What are the Key factors that establish being Self-Employed vs. Employed
Control, Tools and Equipment, Subcontracting work (hiring), Financial Risk, Responsibility for investment and management, Opportunity for Profit.
What does PIPEDA stand for and what does it do?
Personal Information Protection and Electronic Documents Act strives to make personal information kept private and protected within a payroll department
What is the difference between Implied and Expressed Consent?
Implied consent is consent that is indirect like signing a job offer to use information. and Expressed is either a verbal or writing consent
What are examples of Internal Stakeholders?
Management, Employees, HR, IT
What are examples of External Stakeholders?
Federal/ Provincial Governments, Courts, Insurance, Vendors
What are the Four types of Payroll Methods?
Manual, Outsourced, Purchased Softwares, In-house Developed Softwares
What are the four types of Employees?
Full-time, Part-time, Seasonal, Casual
What are the FIVE different types of payment to employees?
Hourly, Salary, Piece rate, Commission, Contract
What are some ways to prevent fraud or abuse of responsibility?
Segregation of duties, rotating tasks, periodic audits, system backups
What bill encourages fair and improved job spaces?
Bill 148- Fair Workplaces, Better Jobs Act
What are the requirements to receive vacation WITH pay?
5 or more years of service requires minimum 3 weeks of vacation with pay.
What is ESA and what does it do?
The Employment Standards Act provides a base set of rules and regulations that must be met pertaining to specific types of jobs.
What claims are not included in theT1D forms
RRSP, Dependents, Tuition
what is not calculated/ factored into vacation pay
Tips, Travel Allowances, Severance
How many public holidays are there?
9
When being terminated what must the employer provide to the employee?
A period of notice OR pay in lieu of notice.
What is the difference between severance pay and termination pay?
Severance pay is given to employees who have worked in a company for 5 or more years and pay is given to the employee when fired, where ad termination pay is based on whoever long the employee has worked with the company and notice is given.
What are some pay types (hint: Bonus, Regular)
Regular, Bonus, Shift Premiums, Commissions, Retroactive, Vacation Pay, Sick Pay, Pay in lieu of Notice, Severance
What are the Statutory Deductions that must be included and what is their order?
- Canada Pension Plan (CPP)
- Employment Insurance (EI)
- Quebec Parental Insurance Plan (QPIP)
- Income Tax
- Payroll Taxes (Northwest Territories, Nunavut)
What are some other deductions that may be included in pay?
Legal, Union, Company Compulsory, Voluntary
What is expense reimbursements?
Amounts repaid to employees for out of pocket expenses that the employees incurred for work purposes
