In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization who:<\/p>\n

\u00b7 turned 18 during the year<\/p>\n

\u00b7 turned 70 during the year<\/p>\n

\u00b7 had chosen to opt out of paying CPP by submitting a completed CPT30 form<\/p>\n

To avoid a recurrence, the Payroll Manager, Rose Yan, has asked you to prepare a summary of the CPP reporting requirements on T4 information slips. The summary will be used to validate the current payroll setup to ensure that the T4s will be completed properly in future. Provide information on the CPP related boxes that must be completed, including how any amounts are calculated, for employees who:<\/p>\n

\u00b7 are under 18 for the entire year<\/p>\n

\u00b7 turn 18 during the year<\/p>\n

\u00b7 are over 70 for the entire year<\/p>\n

\u00b7 turn 70 during the year<\/p>\n

\u00b7 submit a completed CPT30 form during the year, electing to stop contributing to the Canada Pension Plan<\/p>\n

\u00b7 submit a completed CPT30 form during the year, revoking their previous election to stop contributing to the Canada Pension Plan<\/p>\n

Prepare your response (250 – 450 words) using your name, correct spelling, grammar and punctuation. You will be penalized if you areexcessivelyover or under the suggested word count. Your response to this question must be stated in your own words and should be based on the course material, your experiences, knowledge gained through the course and at least one external government resource.<\/p>\n

\u00b7 if you are referencing the Canada Revenue Agency\u2019s Employers' Guide – Payroll Deductions and Remittances \u2013 T4001, state the URL where the information can be found, http:\/\/www.cra-arc.gc.ca\/E\/pub\/tg\/t4001\/README.html and the page number, if applicable \t \t\t \t\t\t<\/p>\n

T4001 EmployersGuide – Payroll Deductions and Remittances – Canada.ca www.cra-arc.gc.ca Payroll guide for employers, trustees, and payers who need information on deducting and remitting CPP, EI and income tax from amounts paid.<\/p>\n

\u00b7 if you are referencing the course material, state the course name, chapter and page number where the information can be found (for example, PF2, 1-1)<\/p>\n

Since this is a Canadian payroll assignement please referred to Canadian website<\/p>\n","protected":false},"excerpt":{"rendered":"

In May of the current year, your employer received a PIER report from the CRA that identified Canada Pension Plan (CPP) contribution deficiencies for employees in the organization who: \u00b7 turned 18 during the year \u00b7 turned 70 during the year \u00b7 had chosen to opt out of paying CPP by submitting a completed CPT30 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/79993"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=79993"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/79993\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=79993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=79993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=79993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}