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National Payroll Institute PF1 Exam Syllabus Topics:

Section	Objectives
Record of Employment	- ROE processing 1. Electronic filing 2. ROE completion requirements
Employment Income – Allowances, Expenses and Benefits	- Taxable and non-taxable benefits 1. Benefit taxation 2. Allowances and reimbursements
New Employee Information	- Employee setup and documentation 1. Federal and provincial tax forms 2. Payroll records management
Payroll Accounting	- Payroll accounting practices 1. Payroll reconciliations 2. Journal entries
Non-Statutory Deductions	- Voluntary deductions 1. Union dues 2. Benefit premiums
Non-Regular Payments	- Special payroll payments 1. Bonus payments 2. Vacation pay calculations
Employment Income – Regular Earnings	- Regular payroll calculations 1. Overtime calculations 2. Salary and hourly wage calculations
Commission Payments	- Commission payroll processing 1. Commission earnings calculations 2. Tax treatment of commissions
Workers’ Compensation	- Workers compensation administration 1. Premium calculations 2. Employer reporting
Provincial Remittances	- Provincial payroll requirements 1. Provincial payroll taxes 2. Provincial reporting obligations
Termination of Employment	- Termination processing 1. Severance payments 2. Termination pay calculations
Federal Remittances	- Government remittance obligations 1. CPP and EI remittances 2. Income tax remittances
Year-End Processing	- Federal and provincial year-end reporting 1. T4 and RL-1 preparation 2. Year-end reconciliations

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

Question #1

Ursula is 17 years old, works in Quebec and earns $750.00 weekly. Ursula pays weekly union dues of $18.00 along with a special weekly union assessment of $10.00 for construction of a new union hall for its members.
Ursula also has registered pension plan (RPP) contributions of $20.00 deducted from each pay. Calculate Ursula's net federal taxable income.

Reveal Solution Discussion 0

Correct Answer:

$712.00
Explanation:
For payroll income tax purposes, net taxable income starts with the employee's gross taxable income and then subtracts only those deductions that are deductible for income tax and can be recognized at source. CRA payroll guidance shows this approach by subtracting items such as RPP contributions and union dues when determining net taxable income for calculating income tax deductions.
Gross taxable income (weekly): $750.00.
RPP contributions are deductible (the amounts reported from box 20 of the T4 are generally deductible).
Regular union dues are deductible; however, the CRA states that deductible annual union/professional dues do not include special assessments or charges for anything other than ordinary operating costs. A levy specifically for constructing a new union hall is a special assessment, so it is not deductible as union dues.
So the deductions that reduce federal taxable income here are: $18.00 (union dues) + $20.00 (RPP) = $38.00.
Net federal taxable income = $750.00 # $38.00 = $712.00.

Question #2

What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?

A. The employee's average earnings from the past five years with the employer and its associated companies
B. The employee's age plus the employee's average earnings from the past five years with the employer and its associated companies
C. The employee's number of years of service with the employer and its associated companies prior to
1996
D. The employee's wages at the point of receiving the retiring allowance

Reveal Solution Discussion 0

Correct Answer: C 🗳️

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Question #3

Charlene receives $50.00 each pay for her meals. This is an example of: