The Payroll Principles course is designed to educate the students with the basic rules and procedures for calculating payroll and payroll deductions. The course is focusing on both manual and computerized payroll calculations.
Upon completion of the Payroll Principles course the successful student will develop and demonstrate ability to:
- Define Payroll and its functions
- Describe important laws and how they affect payroll
- Understand Federal and Provincial income tax
- Explain purpose of a TD1 form
- Calculate gross pay
- Understand regular pay, salaries, overtime pay, commissions, and bonuses
- Calculate statutory deductions : CPP contributions, EI Contributions, and Income tax payments
- Define Worker’ compensation plans
- Record typical payroll from a summary
- Prepare a company’s payroll summary
- Maintain an individual’s earning record
- Understand the employer’s tax responsibilities
- Calculate and record the employer’s expense associated with payroll
- Remit and record employees’ deductions to Canada Revenue agency
- Understand employers’ annual responsibilities for filing T4 summary form
- Use Simply accounting for doing payroll
- Use Quick books for doing payroll
Assignments, group work, quiz, project, and final exam.
Students are assigned to read chapters in their text book, use internet for research, do hands-on practice, and complete assignments daily. Student should get minimum 65% for pass and below 65% is a fail and /repeat. For repeat or rewrite, student can attain only a passing grade.
College Accounting: A Practical Approach, Twelfth Canadian Edition Plus MyAccountingLab with Pearson eText — Access Card Package, 12/E
SLATER, North Shore Community College
Brian Zwicker, Grant MacEwan University
ISBN-10: 013374714X • ISBN-13: 9780133747140
Publisher: Pearson Education Canada
Focus College Handouts
This course is based on continuous intake and students are able to start as soon as they are ready.
For more information please call 250-861-5808 or email firstname.lastname@example.org