Glorious Florists is a floral supply company with offices and boutiques in Ontario and Québec.

GLORIOUS FLORIST 1




Jurisdiction

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, GLORIOUS FLORIST 2


To terminate five employees each under the jurisdiction of Ontario and Quebec, the

following legislated payments and employer's contribution need to be accounted to forecast the

budget towards the termination of employees appropriately.

Ontario jurisdiction

The payments towards the termination of employees subject to the jurisdiction and length of

service include the following.

1. Wages in Lieu of notice

It is considered as income from employment. There are statutory deductions that it will be

subjected to (Curran & Slinn, 2017). They include:

 Canada Pension Plan contributions (CPP): If the legislated wages are settled with final

pay period incomes, therefore, the regular deductions for Canada Pension Plan or the

straight percentage method is used, with no period exception to pay, until the maximum

annual Canada Pension Plan contribution.

 Employment Insurance (EI) premiums: Always straight percentage method for

Employment Insurance premiums is applied, up to the yearly maximum premium

amount.

Income taxes: Always regular pay period deduction method, but if the amount involved is

enormous, then the bonus tax method is applied.

Northwest Territories/Nunavut payroll taxes: Always annual tax rate

2. Vacation pay

Deductions will include