Question: 1 . What are the three main programs specifically related to payroll that the Canada Revenue Agency administers? 2 . If an organization deducts $

1. What are the three main programs specifically related to payroll that the Canada Revenue Agency administers?
2. If an organization deducts $27,400 in Canada Pension Plan contributions from its employees and $21,200 in Employment Insurance premiums, how much would have to be remitted in total to the Canada Revenue Agency?
3. True or False: The Canada Revenue Agency collects provincial/territorial income taxes for all provinces and territories.
4. True or False: The emphasis of the Employment Insurance program is on paying people so they do not have to return to work.
5. Which provinces have their own private sector privacy laws similar to PIPEDA that deal with employee personal information?
6. Indicate which federal department or agency would be responsible in the following scenarios.
An employer is preparing the budget for the next year and wants to know the annual maximum insurable earnings amount.
An employee wants to retire and apply for Canada Pension Plan benefits.
The organization would like to apply for a reduction in its Employment Insurance premium rate.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!