Ronika Khanna CPA,CA

OCTOBER 13, 2023

Included in the amounts that are deducted from your gross pay are contributions to the Canada Pension Plan or CPP which in Quebec is referred to as the Quebec Pension Plan or QPP. Digital Download Available at Amazon What is CPP/QPP? The same is true if you move from Canada to Quebec, except you would apply for QPP benefits.

tax return 52

tax return Tax payroll income tax 52

Ronika Khanna CPA,CA

FEBRUARY 9, 2024

Guidance on Completing the RL1 Summary The form essentially requires a breakdown of the deductions at source paid by category including: QPP (RRQ) Boxes 1 and 2 which is the Quebec pension plan. The employer portion is calculated at 1.4 Note that the employer portion is always the same as the employee portion.

payroll 98

payroll income tax Manufacturing accounting and finance 98

Ronika Khanna CPA,CA

NOVEMBER 3, 2023

Once you have completed your registration you would log in to your business account where you can then apply for a payroll account directly in the “source deductions and contributions section”. There is also an employer contribution component of EI and CPP. Simply click on this option and follow the instructions.

payroll 52

payroll income tax accounting and finance Tax 52

Ronika Khanna CPA,CA

APRIL 5, 2024

other t-Slips If you received CPP or QPP during the year, you will receive a T4(P) slip which reflects amounts received and any taxes withheld. There are also no tax slips for contributions to, or income earned in a TFSA account as the income in this account accumulates tax free. This must be reported on your tax return.

Tax 52

Tax tax return Education accounting and finance 52