Payroll Fundamentals 1 Midterm 94 Questions With Verified Answers,100% Correct

Under the Canada Labour Code, Part III, an employee who have 12 months of continuous service, and are not being terminated for just cause, are entitled to the greater of: {Ans: - 2 days' wages at the regular rate, excluding overtime, for each completed year of employment - 5 days'wages at the regular rate, excluding overtime}When employers initiate the termination of an individual's employment they: {Ans: are required to provide the employee with written notice that their employment is being terminated, or pay the employee wages in lieu of working the notice period}An employee-employer relationship is deemed to exist when any one of the following statements is true: {Ans: - the employee retains the right to be recalled to work - there is an expectation of work to be performed by the employee - the employee continues to accrue benefits in the employer's registered pension plan - the employee continues to participate in all the benefit plans that were available when they were employed}Director's fees are considered: {Ans: - pensionable for CPP - not insurable for EI (unless a director for a crown corp) - insurable for QPIP - taxable income - taxable for the NWT/NT