Payroll Administration Course (Live Online)

Overview

In our payroll administration course, study foundational payroll practices and procedures, including legislative compliance and relevant government regulatory agencies. Gain knowledge to identify taxable earnings and benefits, determine statutory and non-statutory deductions, calculate net pay, prepare accounting payroll data and complete the prescribed forms and remittances required to be submitted by employers.

Learning Objectives

By the end of this course, students will have demonstrated the ability to:

1. Apply provisions of the Employment Standards Act to ensure employers meet minimum requirements.
2. Distinguish employment income by evaluating cash earnings, allowances, expenses and fringe benefits.
3. Calculate statutory deductions (Canada Pension Plan, Employment Insurance & Income Taxes) using both Canada Revenue Agency payroll tables and the online calculator.
4. Identify various non-statutory deductions for the purpose of calculating net pay.
5. Complete an earnings record, by computing insurable/pensionable earnings and gross/net taxable income.
6. Prepare government remittances using prescribed forms.
7. Create a year-end payroll register, to finalize the payroll cycle and report T4 slips and a T4 summary.
8. Determine Employer Health Tax and Workers Safety & Insurance Board levies, in accordance with provincial requirements.
9. Construct payroll accounting journal entries and accruals.
10. Administer employee terminations, by determining final payments owing and filing a Record of Employment.

Topics Covered In The Payroll Administration Course

• Introduction to Canadian Payroll
• Labour and Employment Standards
• Calculation of Gross Earnings
• Pensionable, Insurable, and Taxable Earnings
• Non-Statutory Withholdings from Payroll
• Calculation of Net Pay
• Employer Payroll Taxes and Premiums
• Accounting for Payroll
• Payroll Information Systems
• Payroll Remittances
• Termination of Employment
• Year-End Payroll Reporting