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National Payroll Institute PF1 Exam Syllabus Topics:

Section

Objectives

Topic 1: Payroll Records and Compliance Reporting

- Recordkeeping requirements

1. Retention requirements
2. Employee payroll records

- Government reporting

1. Year-end reporting (T4 slips)
2. Remittance reporting processes

Topic 2: Payroll Fundamentals and Compliance Framework

- Payroll legislation and regulatory bodies

1. Income Tax Act basics
2. Canada Pension Plan (CPP) requirements
3. Employment Insurance (EI) rules

- Payroll system overview in Canada

1. Employer payroll obligations
2. Payroll process cycle (gross-to-net)

Topic 3: Earnings, Deductions, and Taxation

- Types of earnings

1. Regular wages and salaries
2. Taxable benefits
3. Overtime and special payments

- Deductions and remittances

1. Statutory deductions
2. Voluntary deductions
3. Employer remittance responsibilities

National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:

Question 1

A premium payment for overtime hours worked or a rate per piece of goods produced is an example of:

A. Allowances
B. Benefits
C. Expense reimbursements
D. Earnings

Question 2

Which statutory deductions is salary continuance subject to?

A. All deductions except Employment Insurance and Quebec Parental Insurance Plan premiums
B. All deductions except Quebec Parental Insurance Plan premiums
C. All deductions
D. All deductions except Employment Insurance premiums

Question 3

A paper Record of Employment must be issued:

A. All of the above
B. Within five calendar days of an interruption of earnings
C. When an employer becomes aware of an interruption of earnings exceeding seven calendar days
D. When requested by Service Canada

Question 4

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

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

Question 5

The Canada Revenue Agency form that is completed to allow a commissioned employee to claim non- reimbursed expenses at source is a:

A. TP-1015.R.13.1-V
B. TD1
C. TD1X
D. T777

Solutions:

Question 1
Answer: D

Question 2
Answer: C

Question 3
Answer: A

Question 4
Answer: B

Question 5
Answer: C