Finance and Accounting Workshops
Understanding Payroll Principles and Functions
A comprehensive 2-day workshop detailing the required payroll processes and concepts.
This workshop is aimed at individuals who come into contact with processing payroll whether from a hands-on perspective or an administrative one. Key concepts will be covered which will simplify the process and ensure that all the required legal and administrative criteria are covered.
Topics covered:
- The main objectives and responsibilities of processing payrollM
- What are source deductions and how to calculate them
- What is TOD
- Methods of processing payroll
- What information is needed from the employees
- What are TD1 TD1ON and TP-1015.3-V
- The importance of Social Insurance Numbers
- Types of pay
- Pay frequencies
- Classification of employees
- Employment Standards
- Earnings
- Allowances
- Benefits – Taxable
- Security measures