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PF1 New Dumps, PF1 New Dumps Ppt, PF1 Real Dumps, Trustworthy PF1 Exam Torrent, New PF1 Exam Dumps

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National Payroll Institute PF1 Exam Syllabus Topics:

Section Weight Objectives
Individual Pay Calculations 40% - Non-regular earnings
  • 1. Allowances, taxable benefits
    • 2. Overtime, bonuses, retroactive pay
      - Regular earnings
      • 1. Pay period types and frequency
        • 2. Hourly, salary, commission calculations
          Termination and Special Payments 30% - Leaves and absences
          • 1. Sick leave, maternity/parental leave payments
            • 2. Vacation pay, statutory holidays
              - Termination payments
              • 1. Wages in lieu of notice, severance pay
                • 2. Retiring allowances, death benefits
                  Communication and Compliance 10% - Accuracy and documentation
                  • 1. Record keeping and audit trails
                    - Stakeholder communication
                    • 1. Employee, government, third-party requirements
                      Record of Employment (ROE) 20% - ROE completion requirements
                      • 1. Insurable/pensionable earnings reporting
                        • 2. Block-by-block reporting rules
                          - Submission and deadlines
                          • 1. Electronic vs paper filing

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                            National Payroll Institute Payroll Fundamentals 1Exam Sample Questions (Q31-Q36):

                            NEW QUESTION # 31
                            Which of the following is not correct?

                            • A. Vacation pay reported in Block 17A is reported in Block 15B
                            • B. Block 15B is not completed when insurable earnings are reported in Block 15C
                            • C. Bonus payments reported in Block 17C are also reported in Block 15B
                            • D. Severance payments and retiring allowances are not reported in Block 15B

                            Answer: B

                            Explanation:
                            Option A is not correct. Service Canada's ROE guidance for paper ROEs explains that if you need to complete Block 15C, you do that first, and then you still enter the total insurable earnings in Block 15B. It also reminds employers to include any insurable separation payments entered in Block 17 in both Block 15C (Pay Period 1) and Block 15B totals.
                            Option C is correct because retiring allowances (often treated as severance-type amounts) are not insurable, so even if they appear in Block 17C, they are not added to Blocks 15B/15C.
                            Option D is correct because vacation pay paid on separation is reported in Block 17A, and when it is insurable, it must be included in the insurable earnings totals in Block 15B (and Block 15C P.P.1 where applicable).


                            NEW QUESTION # 32
                            Rosa joined Avion Electronics in April 1983. Her employment was terminated on November 30, 2015 and she was paid a $62,500.00 retiring allowance. Rosa joined her company's pension plan in 1986 and was fully vested on termination of employment. Calculate the non-eligible portion of the retiring allowance.

                            Answer:

                            Explanation:
                            $32,000.00 non-eligible portion
                            Explanation:
                            CRA requires separating a retiring allowance into an eligible and non-eligible portion. The eligible portion is the maximum that can be transferred to an RRSP/RPP under the special rules (without using regular RRSP room). The formula is: $2,000 for each year (or part-year) of service before 1996, plus an additional $1,500 for each year (or part-year) before 1989 in which the employee had no employer pension/DPSP benefit vested at the time of payment (or previously paid).
                            Rosa worked from 1983 to 1995 (inclusive) for pre-1996 service: 13 years × $2,000 = $26,000.
                            For the extra pre-1989 amount: she joined the pension plan in 1986 and was fully vested when paid the retiring allowance in 2015, so 1986-1988 do not qualify for the extra $1,500. However, 1983-1985 were years before 1989 when she had no vested employer pension benefit, so 3 years × $1,500 = $4,500.
                            Eligible portion = $26,000 + $4,500 = $30,500.
                            Non-eligible portion = $62,500 # $30,500 = $32,000.


                            NEW QUESTION # 33
                            A 900-series Social Insurance Number is issued to:

                            • A. Individuals who are neither Canadian citizens nor permanent residents
                            • B. Canadian residents with an expired Social Insurance Number
                            • C. Landed immigrants working outside of Canada
                            • D. Canadian residents working outside of Canada

                            Answer: A

                            Explanation:
                            A SIN that begins with "9" (often called a 900-series SIN) is issued to temporary workers-people who are neither Canadian citizens nor permanent residents-and who are authorized to work in Canada. Service Canada's employer guidance explicitly states that SINs beginning with "9" are issued to temporary workers who are neither Canadian citizens nor permanent residents, and these SINs are valid only until the expiry date shown on the immigration document that authorizes the person to work in Canada.
                            Service Canada also advises employers to confirm that employees with a SIN starting with "9" remain authorized to work and that their immigration document has not expired.
                            So, options A-C are incorrect because a 900-series SIN is not for permanent residents ("landed immigrants"), not for Canadians whose SIN "expires," and not based on working outside Canada. It specifically signals temporary status tied to work authorization in Canada.


                            NEW QUESTION # 34
                            Which of the following company-compulsory deductions would reduce the employee's gross taxable income for purposes of withholding income taxes?

                            • A. Employee payment of a portion of group benefit plan premiums
                            • B. Employee contributions to a group Registered Retirement Savings Plan (RRSP)
                            • C. Employee payment of provincial health care plan premiums
                            • D. All of the above

                            Answer: B

                            Explanation:
                            For payroll withholding, income tax is calculated on taxable income for the pay period, so only deductions that are income-tax deductible (or otherwise reduce taxable income at source) will reduce the employee's taxable base for withholding. Employee contributions to an RRSP are generally deductible for the employee, which is why payroll-deducted RRSP contributions (such as contributions to a group RRSP taken off the paycheque) reduce the amount of income tax withheld when the payroll system is set up to treat them as deductible contributions. The CRA confirms that deductible RRSP contributions can be used to reduce your tax.
                            By contrast, paying provincial health care premiums (where applicable) and paying an employee share of group benefit plan premiums are not automatic "reduce taxable income at source" deductions in the same way for payroll withholding; they may be personal expenses and, depending on the plan/premium type, may only affect the employee's personal tax situation through credits/deductions when filing, not the standard payroll withholding base. Therefore, the only correct choice is A.


                            NEW QUESTION # 35
                            The authorization for hiring form should contain a checklist to ensure the organization obtains all required information. What is an example of an item that could be on that checklist?

                            • A. A clearance certificate
                            • B. A confidentiality agreement
                            • C. A completed T1213
                            • D. Consent to withhold statutory deductions

                            Answer: B

                            Explanation:
                            A hiring authorization package/checklist typically ensures the organization collects the documents needed to onboard the employee and set them up correctly in payroll and HR systems. This often includes items like an offer letter, signed policies, banking details for direct deposit, emergency contacts, and required HR/legal acknowledgements. A confidentiality agreement is a common onboarding document because it protects the employer's confidential information and can be required regardless of payroll deductions.
                            The other options are not good examples of "required information" for all new hires. Employees do not give
                            "consent" for statutory deductions-deductions like CPP, EI, and income tax withholding are required by law and employers must withhold them when applicable. A "clearance certificate" is not a standard universal onboarding requirement for payroll in Canada. A T1213 is only completed in special situations where an employee requests CRA authorization to reduce tax withheld at source; it is not something most new hires must provide.


                            NEW QUESTION # 36
                            ......

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