Question: Hi, Please help me make a letter type with this assignment of mine. The informations are at the bottom. Please refer to that. Thank you

Hi,

Please help me make a letter type with this assignment of mine.

The informations are at the bottom. Please refer to that. Thank you so much in advance.

Question:

Patricia Clark, the Human Resources Manager of your Northern Expeditions company, has advised that the company will be opening an office in Nunavut this year. The office will offer guided northern trips to hunters and adventurers. It expects to mainly employ local guides (40 days over the summer period) but the company will also be periodically bringing in guides from its offices in Alberta, Saskatchewan and Qubec. Some of the guides from outside Nunavut may work 10 days, others could work 15 days over the summer depending on the number of bookings; they normally work in their home province for 60 days every year. The average daily rate paid to these guides is $400.

Patricia is asking for information on the Nunavut Payroll Tax. Who pays the tax and how is it calculated? Are there any special considerations or challenges for the calculation of the payroll tax for the guides brought in from Alberta, Saskatchewan and Qubec? What are the reporting and remitting requirements during the year? What are the reporting requirements at year-end? Provide examples based on the information provided in the assignment to clarify.

Prepare your response (350 - 500 words) using your name, correct spelling, grammar and punctuation. You will be penalized if you areexcessivelyover or under the suggested word count. Your response to this question must be stated in your own words and should be based on the course material, your experiences, knowledge gained through the course and at least one external government resource.

You can copy and paste text from another program into the platform, however you will be unable to copy tables created in Word or Excel. Please utilize the platform's built-in editing tools to format your text.

Any responses taken directly from the external government resource or course material will not be accepted. Information referenced from the government resource(s) and the course material must be cited. For example:

  • if you are referencing the Canada Revenue Agency's Employers' Guide - Payroll Deductions and Remittances - T4001, state the URL where the information can be found,https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001.htmland the page number, if applicable
  • if you are referencing the course material, state the course name, chapter and page number where the information can be found (for example, PF2, 1-1)

This written assignment is worth 7.5% of your final mark. This assignment must be completed and submitted to your instructor by 11:59 a.m. (Central Time) on the due date.

It is recommended that you prepare your response using Notepad or a similar word processing software and then copy and paste your response into the 'Your Response' field. The 'Save and Close' button will save your work and allow you to make future edits. Once you are satisfied with your response, click the 'Submit' button. No further edits can be made once your assignment is submitted.

Information Guide:

For Nunavut payroll tax, the tax will be calculated by the employers who will be registered with government of Nunavut and the tax will be collected from the eligible employees.

Now what is the eligibility?

1. The employee should have earned in the territory of Nunavut.

2. The employees should have earned more than $5,000 annually.

Guides who are brought from Alberta, Saskatchewan, and Qubec they are outside the territory of Nunavut and hence if their annual turnover crosses the limit of $5,000 the full amount will become taxable in Nunavut. The tax is calculated on total taxable income in Nunavut on the annual basis andthe rate of tax is 2 percent.

There are reporting and remittance requirements within the year and that is based on the total income earned (estimated income) within the year. If the income is less than the annual reporting is enough and if income is more reporting, then it is more frequent to say like semi-annually, quarterly, and monthly. The remittance should reach the prescribed authority within 20thof the following month to the date which is prescribed by the department. All the employers must file annual remittance to the Department of Finance on the last day of February each year.

The return should be filled for all the employees who worked within the territory of Nunavut in a particular year whether their income was taxable for that year.

For example, if an employee earns $4,000 outside Nunavut and earns $4,000 within Nunavut then his income is not eligible for payroll tax but under annual reporting his total income is 4000 dollars plus 4000 dollar which means 44,000 dollars will be reported.

Hence, in the given case, those employees who are outside Nunavut and work in Nunavut for 15 days, their income will be taxable as per day earnings of $400 for 15 days become $6,000 which is above the limit but to those who work for 10 days, their income will not be taxable. But as far as annual reporting is concerned, the total income of both types of employees will be reported as both have worked within the territory of Nunavut.

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