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| Section | Weight | Objectives |
|---|---|---|
| Termination and Special Payments | 30% | - Leaves and absences
|
| Communication and Compliance | 10% | - Stakeholder communication
|
| Individual Pay Calculations | 40% | - Non-regular earnings
|
| Record of Employment (ROE) | 20% | - Submission and deadlines
|
Question 1
Rosa joined Avion Electronics in April 1983. Her employment was terminated on November 30, 2015 and she was paid a $62,500.00 retiring allowance. Rosa joined her company's pension plan in 1986 and was fully vested on termination of employment. Calculate the non-eligible portion of the retiring allowance.
Question 2
By the authority of which Act can the Canada Revenue Agency garnish the wages of an employee who has failed to pay Employment Insurance premiums, Canada Pension Plan contributions, or income tax deductions?
A. The Employment Insurance Act
B. The Canada Pension Plan Act
C. The Income Tax Act
D. The Creditors' Relief Act
Question 3
The capital cost of an employer-owned vehicle includes:
A. The cost of the vehicle, sales tax, customized heavy-duty suspension and power winches to meet requirement of employment uses
B. The cost of the vehicle, vehicle options, accessories, sales tax and additions that add to depreciation value
C. The cost of the vehicle, vehicle options, specialized equipment to meet requirements of employment
D. The cost of the vehicle excluding sales tax
Question 4
What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?
A. The employee's number of years of service with the employer and its associated companies prior to
1996
B. The employee's average earnings from the past five years with the employer and its associated companies
C. The employee's age plus the employee's average earnings from the past five years with the employer and its associated companies
D. The employee's wages at the point of receiving the retiring allowance
Question 5
Which statutory deductions is salary continuance subject to?
A. All deductions except Quebec Parental Insurance Plan premiums
B. All deductions except Employment Insurance premiums
C. All deductions except Employment Insurance and Quebec Parental Insurance Plan premiums
D. All deductions
Solutions:
| Question 1 Answer: Only visible for members | Question 2 Answer: C | Question 3 Answer: B | Question 4 Answer: A | Question 5 Answer: D |
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