Overview
In the payroll 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:
- Apply provisions of the Employment Standards Act to ensure employers meet minimum requirements.
- Distinguish employment income by evaluating cash earnings, allowances, expenses and fringe benefits.
- Calculate statutory deductions (Canada Pension Plan, Employment Insurance & Income Taxes) using both Canada Revenue Agency payroll tables and the on-line calculator.
- Identify various non-statutory deductions for the purpose of calculating net pay.
- Complete an earnings record, by computing insurable/pensionable earnings and gross/net taxable income.
- Prepare government remittances using prescribed forms.
- Create a year-end payroll register, to finalize the payroll cycle and report T4 slips and a T4 summary.
- Determine Employer Health Tax and Workers Safety & Insurance Board levies, in obligation of Provincial requirements.
- Construct payroll accounting journal entries and accruals.
- Administer employee terminations, by determining final payments owing and filing a Record of Employment.
Topics Covered In The Payroll 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
Instructor*
Wasim Ismail
Wasim (MBA, CP) holds a Masters in Business Administration and has over 17 years of valuable family business experience, combined with 10 years of e-commerce experience. He is a Certified Public Accountant and Certified Bookkeeper who has been active in the accounting field for over 20 years. Ismail is passionate about education and has taught accounting and business at various colleges from 2005 onwards. He is an expert in tax planning and has successfully run his own private accounting practice since 2008.
*Subject to change without notice
Who Will Benefit From The Program
This course is beneficial for internationally trained accountants, or individuals wishing to begin a career in payroll administration.
Technical Requirements
Live Online Students
Ashton College uses web conferencing tools to help instructors and students connect and collaborate live online. Students should have access to a computer, laptop or smartphone to access the class sessions. To be able to participate in webinars, students need a webcam and headset, or a microphone and headphones, along with a high-speed internet connection.
Dates
Live Online
Part Time:
January 06, 2021 – March 31, 2021
- Students must devote at least 3 hours per week to attend live webinars.
- Outside of live instructional periods, students will be expected to take part in various independent and/or group activities.
Fees
Registration fee for this course is $870.
TextBook: An Introduction to Payroll Administration, 3rd Edition, 1259654729, 9781259654725 By Alan Dryden, © 2019, McGraw-Hill Ryerson.
This course does not require approval by the Private Training Institutions Branch of the Ministry of Advanced Education, Skills & Training. As such, it was not reviewed.
Our Partners
Submit Enquiry Form
Can we help you?
If you have questions or would like help to better understand our programs, courses or admission requirements, we are here to help
