Q18. When is the government-prescribed rate of interest set?

Q19. A paper Record of Employment must be issued:

Q20. Matt earns $10.10 per hour and works 37.5 hours per week. Calculate Matt’s regular bi-weekly earnings.

Q21. Anne Massy works for Liberty Promotions in Nunavut and is provided with a company-leased automobile.
The automobile was in Anne’s possession for 365 days. Of the 34,134 kilometres driven, 15,805 kilometres were for business purposes. The monthly lease cost of the vehicle was $198.60, excluding GST calculated at
5%. Anne requested in writing that Liberty Promotions use the optional operating cost method if all conditions apply. She did not reimburse the company for any of the expenses associated with the automobile.
Calculate Anne’s annual automobile taxable benefit.

Q22. Expense reimbursements are:

Q23. In Block 6 of the Record of Employment, what pay period type is entered for employees who are paid salary plus regularly paid commission?

Q24. A retiring allowance includes:

Q25. (PF1 Exam – Net Pay Calculation Template Worksheet: Quebec)
Question ID: pf1-exam-npc-q-f
Mara Poirier works for Affordable Transport in Quebec and earns an annual salary of $54,500.00, paid on a semi-monthly basis.
In addition to her regular salary, Mara’s employer provides the following benefits:
Group term life insurance coverage through a third party of two times her annual salary.
Monthly group term life insurance premiums are $0.57 per $1,000.00 of coverage, excluding taxes.
Private health insurance benefits with a monthly premium of $260.00, excluding taxes.
The tax on insurance premiums in Quebec is 9%.
Mara’s federal TD1 claim code is 3 and her provincial TP-1015.3-V deduction code is C.
Mara will not reach the annual maximums for QPP, EI, or QPIP in this pay period.
Required: Calculate Mara’s net pay, following the order of the steps in the net pay template.
EXHIBIT A – Net Pay Template (Fill in all blanks)
Earnings / Income Bases




Step 1 – Calculate Mara’s gross earnings for this pay period (GTE).
[ ____________________________________________ ]
Step 2 – Calculate the pensionable earnings (PE).
[ ____________________________________________ ]
Step 3 – Calculate the insurable earnings (IE).
[ ____________________________________________ ]
Step 4 – Calculate the net taxable income (CRA) (NTI).
[ ____________________________________________ ]
Step 5 – Calculate the net taxable income (RQ) (NTI).
[ ____________________________________________ ]
Step 6 – Calculate Mara’s Quebec Pension Plan (QPP) contribution.
[ ____________________________________________ ]
Step 7 – Calculate Mara’s Employment Insurance (EI) premium.
[ ____________________________________________ ]
Step 8 – Calculate Mara’s Quebec Parental Insurance Plan (QPIP) premium.
[ ____________________________________________ ]
Step 9 – Determine Mara’s federal income tax.
[ ____________________________________________ ]
Step 10 – Determine Mara’s Quebec provincial income tax.
[ ____________________________________________ ]
Step 11 – Calculate Mara’s total deductions.
[ ____________________________________________ ]
Step 12 – Calculate Mara’s net pay.
[ ____________________________________________ ]

Q26. Vacation pay on termination would be recorded in which Block(s) on the Record of Employment?

Q27. An employee who lives in Ontario and reports to work at a permanent establishment of the employer in Quebec will have income tax deducted based on which province?

Q28. In Block 12 of the Record of Employment, the final pay period ending date for employees who are paid solely by commission or are paid salary plus irregularly paid commission will be:

Q29. Charmaine’s employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks’ vacation pay with her final pay. What date should be recorded in Block 11 on Charmaine’s Record of Employment?

Q30. An organization pays the premiums for a sickness or accident plan for their president only. This would be considered:

Q31. The capital cost of an employer-owned vehicle includes:

Q32. Which statutory deductions is salary continuance subject to?

Q33. A death benefit is a:

Q34. Phillip is being paid a severance payment with his final pay. Which block should this payment be reported on the Record of Employment?