How Payroll Income Tax Works

Payroll professionals in Canada are collectively responsible for remitting $313 billion in statutory remittances to federal and provincial governments annually. While many of us rely on payroll software that has been programmed to calculate these amounts, as professionals we need to be able to provide oversight on these remittances, in compliance with the Income Tax Act. What's more, we need to be prepared when employees have questions about their payroll deductions.
Join the CPA to examine how payroll income tax works. We will answer questions such as:

  • How is net taxable income determined?
  • How do TD1/TP.1015 exemptions impact income tax deductions?
  • What is the difference between a marginal tax rate and an average tax rate?
  • Why do bonus payments seem to have a higher tax deduction?
  • Are there ways employees can lower their tax at source?
  • How does payroll income tax work for employers in Quebec?

A 90 minute ARCHIVED Web seminar providing relevant information with a recognized expert on the seminar subject, originally broadcasted on September 20, 2017.
This webinar will be facilitated by Payroll Compliance Advisors from the Compliance Services and Programs department at the Canadian Payroll Association (CPA). It includes a 60 minute presentation and 30 minute responses to pre-submitted questions as well as engaging polling questions.
 

!! IMPORTANT !!  Please test check your system BEFORE you register.  Make sure you are connected via your local desktop (not through your company’s server) to perform this test and view the future presentation.  Click here to test your system and for troubleshooting tips.
After registering online for an archived webinar, you will receive an email confirmation that is sent approximatively within 2 business days after the registration has been processed. This email contains the login information for the webinar.

 

LENGTH: 90 min