Canadian Payroll Compliance Legislation - Chapter 3 EXAM QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+ || REAL RN MENTAL HEALTH EXAM EXAM QUESTIONS AND ANSWERS|| BRAND NEW!!

Canadian Payroll Compliance Legislation - Chapter 3
EXAM QUESTIONS AND CORRECT ANSWERS
ALREADY GRADED A+ || REAL RN MENTAL HEALTH
EXAM 2026-2027 EXAM QUESTIONS AND
ANSWERS|| BRAND NEW!!


CPP yearly maximum basic exemption (YMBE) (2017)


$3,500


CPP employEE contribution rate (2017)


4.95%


Categories the payments and benefits generally fall under


-Income from employment
-Taxable benefit and allowances
-Certain fees and honorariums
-Controlled tips
-Paid leaves
-Benefits under certain wage-loss replacement plans (WLRP)


Payments not subject to CPP


-Death benefits
-Pension benefits
-payment at end of employment not considered employment income
(ie: severance, retiring allowance)
-Wage-loss replacement plan (WLRP) benefits paid under a contract of
insurance
-Workers' compensation advances or loans
-Payments linked to special conditions under the Income Tax Act

, Gross pensionable/taxable income (GPTI)


-Salaries
-Wages
-Taxable Benefits
-Taxable Allowances
-Taxable Expense reimburments


When manual calculation of CPP is necessary


-Additional payments in a pay period
-Commission paid on an irregular basis.
-Employee's pensionable earnings are greater than the maximum
renumeration listed on the tables.


CCP pay period exemption calculation




CPP YMBE ÷ number of pay periods in n the year




CPP exemption calculation for commissions paid on irregular basis




CPP YMBE x (Number of days in the current year between payments ÷
365)