You are the Payroll Manager for a multi-jurisdictional retail organization with employees in Manitoba, Newfoundland and Labrador,
Question:
You are the Payroll Manager for a multi-jurisdictional retail organization with employees in Manitoba, Newfoundland and Labrador, Nunavut, Ontario, and Québec. The organization makes its own remittances for statutory, legal, company compulsory, and voluntary employee deductions, along with the required employer portions, contributions, and premiums. Due to the number of payroll-related remittances required every month, you are preparing a memo for the Accounts Payable Supervisor, Tina Kent, detailing:
• the agencies the organization remits to
• what deductions, contributions, and premiums are being remitted to each agency
• when the due dates are
• any possible fines or penalties for late payments You have prepared the following notes to assist you with the memo.
• Your average monthly federal remittance for 2011 was over $50,000.00
• Your average monthly Québec remittance for 2011 was over $50,000.00
• The organization’s total annual Manitoba remuneration is $2,750,000.00
• The organization’s total annual Newfoundland and Labrador remuneration is $1,375,000.00
• The organization’s estimated total annual Nunavut remuneration is $650,000.00
• The organization’s total annual Ontario remuneration is $3,500,000.00
• The organization has a group insurance plan through Great Eastern Insurance Company and uses a billed system Based on your notes, prepare a memo providing Tina with the details of the payroll related remittance requirements. Your response must be in proper memo format.