Maximize Efficiency with eSignature Licitness for Payroll Deduction Authorization in Canada

How to eSign a document: eSignature licitness for Payroll Deduction Authorization in Canada

now recording i'm just going to [Music] uh share my screen there we go share and hopefully do this oh that's ugh okay hold on one more time share there we go oh can you see okay cool okay so government of canada payroll calculator tada so we're given um you're gonna need to do a few things but not really okay so we're gonna work with an example i'm gonna put on the board here so to use the calculator you just have to put accept i accept um let's go over where was my example here um [Music] i'm just finding what happened there i example oh right here okay so this is for john adams again our good friend is single uh single he's getting paid weekly he has a zero claim code we're gonna say one because i don't think that exists anymore let's say a claim code of one okay and uh there's a accumulative gross pay of two 1 500 a weekly salary of 550 and union deductions of 20 dollars so here's the calculator it takes us through i believe three steps so nothing crazy first we have to uh select the type of calculation we want to use here so we're given salary commission pension or uh to verify cpp contributions and stuff like that we're going to pick salary okay we're gonna you have to now fill in the blanks uh not terrible ones our good friend is what was it john adams yep john adams works for dave's restaurant here we go we're going to be in canada i mean ontario because because we are and then he gets paid weekly right so we get paid weekly or 52 periods in the year there we go and let's see he's gonna get paid what's the we're in the fifth month and let's say what's the date today 28. let me see when i get paid here so um on the 30th 30th there we go next okay uh the salaries or wages uh for this pay period was 550 oops there we go vacation pay we're not deducting any vacation pay so zero um to add a bonus or a retroactive payment none in this case so if you wanted to uh add like say you missed some you didn't pay this person for some some hours the previous paycheck you could add it into this paycheck you could also put a bonus into their paycheck if you needed to um and then select any of the following that applies so taxable benefits including uh parkings uh cell phone internet use sometimes businesses will pay for those things for you and it's treated as income because they give you the money and it's you know um employers contribution to usb we want union dues because he pays 20 in union dues okay let's assume that our good friend john is not making any contributions to rrsps and neither are we um he is not living in a prescribed zone uh he's not approved for any additional tax services or garnishments he is not tax exempt and he's not transferring cpp deductions from another uh from quebec we'll say okay is john a member of the clergy no no so next union dues deduct that source we are deducting twenty dollars right there twenty dollars there we go yahtzee is a claim code one um because again we're just identifying that here claim code one uh zero additional taxes because he's not about that uh for the provincial he's uh tax uh sorry claim code one again uh here we go uh the cpp okay so his cpp contribution has not been reached because he hasn't made that much okay um he is not cpp exempt and we can we have his year-to-date earnings from our record so his pensionable earnings to date is twenty one thousand five hundred twenty one thousand five hundred there we are and the uh contributions to date uh contributions deducted to date let's just quickly check out what it would have been where's my calculator here so we take 3500 i don't know how many weeks this is let's say it's we'll say it's 60 okay you would know this from the previous uh accounting uh period it's just hard for me to calculate because i don't know uh what is it called uh because i don't know um how long it took him to to earn this so i can't really deduct the um the uh the amount um actually no i can actually so 21 000 21 500 times 4.9 times 0.0495 see that's not right as well i can't calculate his previous cpp contributions because i don't know how long it took him to earn this okay if i knew how many pay periods he had before i could so we're gonna have to make an assumption here and say that uh he's already paid we'll say even a hundred dollars in the cpp year to date employment insurance um they have not reached the 820 not employment insurance exempt insurable earnings to date would be twenty one five hundred and the premiums paid to date are twenty one thousand because again it's just it's just it's a percentage of your income so 21 500 multiplied by 0.021 so it would turn out to be 451.50 451.50 uh the insurance rate okay that's perfect and then we hit calculate or there's an error on this page oh maybe i have to i can't put a why is there an error oh okay whatever guys because this is based on uh different for uh different uh different rates i was going off this they've obviously changed there we go there we go so this gives you the employee's name this is pretty much um what is it called a a pay stub that also can help you do your journal transactions for your payroll for example it has the employee's name the employer's restaurant the pay frequency things like that has the total gross wages the taxable income for the period the federal tax deduction the provincial tax deduction for total tax the cpp the ei and the union dues so the total for a total deductions of 110 dollars and 22 cents you take 550 minus 110 you get paid 439.78 and if you go down it keeps a record of the the totals for the next period and you have some um what is it called you have some options at the very bottom you can print off a summary you can save the results for next period you combine results from last period and start a new calculation so your next employee essentially this will help a lot the only things you really need to know is what they like for instance our example here the only things that i didn't really know based on our example was how much they paid last period or what they've paid to the ei and the canadian pension plan so far like their cumulative contributions i didn't know that because i couldn't from the example okay so i had to kind of guess and that's how you do this the easy way so instead of doing this by pen and paper you just throw up the calculator or get something okay i'm just going to stop sharing this quickly my battery dies there we go stop recording