Payroll Compliance Legislation Course Midterm
Study online at https://quizlet.com/_d7u73n
1. Objective of the Payroll Pay employees accurately and on time, in compliance with legisla-
Function tive requirements for a full annual payroll cycle
2. Payroll definition is the process of paying employees in exchange for the services
they perform.
3. 4 Possible Meanings of Pay- 1. The department that administers the payroll
roll 2. The total number of people employed by an organization
3. The wages and salaries paid out in a year
4. A list of persons to be paid and the amount due to each
4. Legislation defintion refers to laws enacted by a legislative body. In Canada, there are
many legislative sources that payroll professionals must comply
with at two separate levels - the federal and the provincial/terri-
torial governments
5. Compliance definition is the observance of official requirements
6. Legislative means having create laws
the powers to...
7. Legislative requirements are statutory (meaning they are enacted, created, or regulated by a
termed ________ statute, a law enacted by the legislative branch of a government)
8. Payroll professionals must all stakeholder requirements
therefore ensure the orga-
nization is compliant with
____________
9. è There are also compli- o Union collective agreements
ance requirements for oth- o Group insurance policies
er non-governmental stake-
, Payroll Compliance Legislation Course Midterm
Study online at https://quizlet.com/_d7u73n
holders which would in-
clude: (2)
10. A Payroll Practitioner's re- - Size of the organization
sponsibilities will differ de- - The number of jurisdictions in which they pay
pending on: (4) - The reporting structure under which they work
- Whether there are other related departments in the organization
(such as HR, Finance, and Administration)
11. 3 levels in a payroll depart- - payroll administrators
ment within a large organi- - payroll coordinators
zation - payroll managers
12. Payroll Practitioners should 1. Payroll compliance legislation (the Income Tax Act, the Em-
know the following to effec- ployment Insurance Act, the Canada Pension Plan Act, Employ-
tively perform their duties: ment/Labour Standards, privacy legislation, Workers' Compensa-
(3) tion and provincial/territorial payroll-specific legislation)
2. payroll processes (the remuneration and deduction compo-
nents of payroll)
3. payroll reporting (calculating and remitting amounts due to
government agencies, insurance companies, unions and other
third parties)
13. Payroll Practitioner knowl- - Technical skills
edge consists of: (3) - Personal & professional skills
- Behavioural& ethical standards
14. The National Payroll Insti- · Minimum standards of professional behaviour
tute's Code of Professional · Addresses issues around personal accountability and integrity
Conduct · Reflects the Institute's values of community, professionalism and
authoritative knowledge
· Holds Institute and certification holders, members and students
to a high ethical standard
Study online at https://quizlet.com/_d7u73n
1. Objective of the Payroll Pay employees accurately and on time, in compliance with legisla-
Function tive requirements for a full annual payroll cycle
2. Payroll definition is the process of paying employees in exchange for the services
they perform.
3. 4 Possible Meanings of Pay- 1. The department that administers the payroll
roll 2. The total number of people employed by an organization
3. The wages and salaries paid out in a year
4. A list of persons to be paid and the amount due to each
4. Legislation defintion refers to laws enacted by a legislative body. In Canada, there are
many legislative sources that payroll professionals must comply
with at two separate levels - the federal and the provincial/terri-
torial governments
5. Compliance definition is the observance of official requirements
6. Legislative means having create laws
the powers to...
7. Legislative requirements are statutory (meaning they are enacted, created, or regulated by a
termed ________ statute, a law enacted by the legislative branch of a government)
8. Payroll professionals must all stakeholder requirements
therefore ensure the orga-
nization is compliant with
____________
9. è There are also compli- o Union collective agreements
ance requirements for oth- o Group insurance policies
er non-governmental stake-
, Payroll Compliance Legislation Course Midterm
Study online at https://quizlet.com/_d7u73n
holders which would in-
clude: (2)
10. A Payroll Practitioner's re- - Size of the organization
sponsibilities will differ de- - The number of jurisdictions in which they pay
pending on: (4) - The reporting structure under which they work
- Whether there are other related departments in the organization
(such as HR, Finance, and Administration)
11. 3 levels in a payroll depart- - payroll administrators
ment within a large organi- - payroll coordinators
zation - payroll managers
12. Payroll Practitioners should 1. Payroll compliance legislation (the Income Tax Act, the Em-
know the following to effec- ployment Insurance Act, the Canada Pension Plan Act, Employ-
tively perform their duties: ment/Labour Standards, privacy legislation, Workers' Compensa-
(3) tion and provincial/territorial payroll-specific legislation)
2. payroll processes (the remuneration and deduction compo-
nents of payroll)
3. payroll reporting (calculating and remitting amounts due to
government agencies, insurance companies, unions and other
third parties)
13. Payroll Practitioner knowl- - Technical skills
edge consists of: (3) - Personal & professional skills
- Behavioural& ethical standards
14. The National Payroll Insti- · Minimum standards of professional behaviour
tute's Code of Professional · Addresses issues around personal accountability and integrity
Conduct · Reflects the Institute's values of community, professionalism and
authoritative knowledge
· Holds Institute and certification holders, members and students
to a high ethical standard
