Employer received a pier report from the cra

Reference no: EM131123076

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:

turned 18 during the year
turned 70 during the year
had chosen to opt out of paying CPP by submitting a completed CPT30 form

To avoid a recurrence, the Payroll Manager, Mary Arnstein, 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:

are under 18 for the entire year
turn 18 during the year
are over 70 for the entire year
turn 70 during the year
submit a completed CPT30 form during the year, electing to stop contributing to the Canada Pension Plan
submit a completed CPT30 form during the year, revoking their previous election to stop contributing to the Canada Pension Plan

Reference no: EM131123076

Questions Cloud

Specializes in building replicas of historic houses : Sanders Construction Co. specializes in building replicas of historic houses. Brett Sanders, president of Sanders Construction, is considering the purchase of various items of equipment on July 1, 2014 for $300,000.

What additional challenges do you foresee affecting hrd : Which challenges to HRD professionals discussed in this week's text reading will directly affect your present and future working environment? Explain your response: How will it affect it? Why will it affect it?

Explain your informal experiment and then explain hypothesis : Think of an experiment you have conducted or might like to conduct. Describe your informal experiment and then describe each of the following in full sentences:

Find the velocity of the centre of the disc as function of x : The disk has mass m, radius r and moment of inertia IG = mr2/2. The spring constant is k = mg/r. Find the velocity of the centre of the disc as a function of x

Employer received a pier report from the cra : 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:

Analyze the economy of at least two countries : How do the economies of the countries you selected compare to the U.S.? Is either of the selected countries still in an agrarian phase of economic development? An industrial phase? Explain.

Why is this situation impossible : Superman attempting to drink cold water through a straw of length L= 12m. the walls of the tubular straw are very strong and do not collapse. with his great strength, he achieves maximum possible suction and enjoys drinking the cold water.

What was senior management typical approach toward quality : Prior to the advent of the total quality management concept, what was senior management's typical approach toward quality? What has led to the more comprehensive strategic view about total quality management?

Develop the eight elements for the following issue : Utilizing Figure 2-3, develop the eight elements for the following issue: Daimler Auto Parts, Inc., headquartered in Munich, Germany, is attempting to register with the SEC in order to list its stock on the New York Stock Exchange.

User Account

All Pages