Prepare a summary of the cpp reporting requirements

Assignment Help Other Subject

Reference no: EM131084102

PLEASE ANSWER MY ASSIGNMENT HEREWITH THE SCENARIO;

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: EM131084102

Questions Cloud

Future academic studies or in professional work : Reflect on the personal writing process you have used in this course and how you think you might change it in the future, based on what you have learned during the last few weeks. Additionally, identify any progress you think you have made in your..

Problem regarding the uninformed individual : Define the vocabulary terms as briefly, succinctly as possible yet clear enough than an uninformed individual can understand each term. DO NOT cut and paste from internet sources as this is plagiarism and you will receive a "0" for the assignment.

Write a program that creates a random object : Write a program that creates a Random object

Execute a large purchase such as a house or car : This includes balancing my accounts and tracking spending habits, especially when determining whether to execute a large purchase such as a house or car.

Prepare a summary of the cpp reporting requirements : 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

Problem regarding the well-known person : Observe the ways in which this well-known person chooses to represent himself/herself online. Note trends in the posts by using the criteria that was provided in the lesson.

How these metrics differ from that of existing manual system : Develop a set of EC metrics and discuss how these metrics differ from that of the existing manual system.

Process of communication : What are the basic elements that make up the process of communication and which order do they follow?

Explain the three sources of personal financing : To get YouCastr back on its feet and moving in the right directions, its founders realize they will need more money than they can come up with on their own. Explain the three sources of personal financing available to entrepreneurs.

User Account

All Pages