Question: You have received a memo from the Controller indicating that the following new pay elements need to be setup. Death Benefit Canada Savings Bond Payroll
You have received a memo from the Controller indicating that the following new pay elements need to be setup. Death Benefit Canada Savings Bond Payroll Savings Plan deduction Automobile taxable benefit Complete the following templates for each new pay element with the information to be provided to Customer Service. Use your course material to identify the information Customer Service will need on each element. You may need to refer to your Payroll Compliance Practitioner course material as well as the CRA, RQ and other websites to determine the compliance requirements with respect to the withholding, taxability and reporting of these elements.
NEW HOURS OR EARNINGS
Earnings Name Death Benefit
1. Name to Appear on Documentation (maximum 8 characters)
2. Taxation Method
3. Completing tax return
4. Other Deductions
5. Other Contributions
6. Other Calculations
7. Insurable Hours
Insurable Earnings
8. Reporting
Deduction Name Payroll Savings Plan
1. Name to Appear on Documentation (maximum 8 characters)
2. Percent or Dollar Value
3. Target Value
4 Reporting
NEW EMPLOYER CONTRIBUTION
Contribution Name Automobile Taxable Benefit
1. Name to Appear on Documentation (maximum 8 characters)
2 Percent or Dollar Value
3. Taxable Benefit Subject to what?
4. Reporting
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