Payroll Compliance Legislation - Chapter 04 Exam - Questions with Correct Answers/ Latest Version (2024/2025)/ 100% Pass

gross taxable income - monies from which statutory deductions must be withheld; in CRA documents, also called: "gross remuneration" net taxable income - moneys from which statutory deductions must be withheld; in CRA documents, also called: "remuneration subject to tax deductions as source" or "taxable remuneration" pay subject to income tax - salary, wages, overtime, retroactive payments, commissions, wages in lieu of notice, bonuses, vacation pay, gratuities, pensions, retiring allowances, severance pay, death benefits, and the value of any taxable benefits and allowances tax deductible amounts - employee contributions to RPP and RRSP, union dues (outside Quebec), living in a prescribed zone, and other, as authorized by the CRA basic personal amount - the basic tax credit each Canadian resident receives