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National Payroll Institute PF1 Exam Syllabus Topics:

Section	Objectives
Provincial Remittances	- Provincial payroll requirements 1. Provincial payroll taxes 2. Provincial reporting obligations
Termination of Employment	- Termination processing 1. Termination pay calculations 2. Severance payments
Federal Remittances	- Government remittance obligations 1. Income tax remittances 2. CPP and EI remittances
Record of Employment	- ROE processing 1. ROE completion requirements 2. Electronic filing
Employment Income – Regular Earnings	- Regular payroll calculations 1. Overtime calculations 2. Salary and hourly wage calculations
Workers’ Compensation	- Workers compensation administration 1. Premium calculations 2. Employer reporting
New Employee Information	- Employee setup and documentation 1. Federal and provincial tax forms 2. Payroll records management
Commission Payments	- Commission payroll processing 1. Commission earnings calculations 2. Tax treatment of commissions
Year-End Processing	- Federal and provincial year-end reporting 1. T4 and RL-1 preparation 2. Year-end reconciliations
Non-Regular Payments	- Special payroll payments 1. Bonus payments 2. Vacation pay calculations
Non-Statutory Deductions	- Voluntary deductions 1. Benefit premiums 2. Union dues
Payroll Accounting	- Payroll accounting practices 1. Payroll reconciliations 2. Journal entries
Employment Income – Allowances, Expenses and Benefits	- Taxable and non-taxable benefits 1. Benefit taxation 2. Allowances and reimbursements

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

Question #1

The deduction for living in a prescribed zone can be claimed by residents of which jurisdictions?

A. Northwest Territories, Nunavut and Yukon
B. New Brunswick, Newfoundland and Labrador, Nova Scotia and Prince Edward Island
C. All Canadian provinces and territories
D. Alberta, Saskatchewan and Manitoba

Question #2

Michael is an employee in Alberta who is paid bi-weekly and earns $1,600.00 per pay period. He has a taxable meal allowance of $30.00 per pay period. His federal and provincial TD1s on file show a claim code
2. Michael already reached the annual maximum first and second Canada Pension Plan (CPP) contributions before this pay. Calculate his total federal and provincial income taxes.

Question #3

Which pension plan requires the services of an actuary to study and forecast future needs of the plan to ensure the plan remains sufficiently funded to provide employees with their retirement benefits?

A. Defined benefit pension plan
B. Defined contribution pension plan
C. All of the above
D. Registered Retirement Savings Plan

Question #4

Vacation pay on termination would be recorded in which Block(s) on the Record of Employment?

A. It would not be recorded
B. Blocks 15B, 15C P.P. 1 and 17A
C. Block 17A only
D. Block 15B only

Question #5

Ronda earns $12.50 per hour and worked 40 hours this week. Calculate her Canada Pension Plan (CPP) contribution for this weekly pay period.

Solutions:

Question #1
Answer: C

Question #2
Answer: Only visible for members

Question #3
Answer: A

Question #4
Answer: B

Question #5
Answer: Only visible for members