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Chapter 8

Payroll Fundamentals 1

TermDefinition
Commission dollar amounts earned for selling goods or services. Included in income, subject to all deductions.
A method used to calculate commission payments outlined in an employment contract or collective agreement.
Commission payment methods 1. Straight percentage of sales 2. Fixed amount per sale 3. Multiple rates per target level
Straight percentage of sales commission calculated with a fixed percentage rate on gross or net sales.
Fixed amount per sales commission calculated with set dollar amount for each sale.
Multiple rates per target level commission calculated with a set percentage per target amount.
Commission payments 1. Draw/advance against commission 2. Straight commission
Draws and advances pmt. made over 2 or more pmts.
Straight commission pmt. only after the sale is complete or revenue is received.
Commission paid 1. Regularly with salary 2. Regularly 3. Regularly with a draw/advance 4. Irregularly
Commission C/QPP contributions are held on advance and commission payments. Irregular commission = days between payments divided by number of days in yr multiplied by yr. basic exemption.
Commission EI/QPIP IE x EI/QPIP rate
Commission Income Taxes Regular or Draw/advance pay = regular tax deduction method Irregular or fluctuate pay = bonus tax method
TD1X (CRA) and TP-1015.R.13.1-V (RQ) forms incurred expenses during the yr. and not reimbursed, employees can complete to reduce deductions throughout the yr. Complete forms by Jan. 31 of each yr. or 1 mon. of starting employment.
Seven day rule doesn't apply to paid mainly by commission. Interruption only occurs upon termination, unless: illness, injury, quarantine, pregnancy, care of: newborn, adoption, ill relative or child.
Late commission (amended) ROE is issued including the averaged earnings. Block 2 = serial no. from Block 1 of the original ROE.
Block 6, Pay period type always weekly, no matter what.
Block 11, Last day for which paid last day employed or paid, whichever is later.
Block 12, Final pay period ending date reported Saturday of the wk. Block 11 indicates is the last day paid.
Block 15A, Insurable hrs. use wkly. pay period type. Hrs. included will go back 53 wks. from date in Block 12 or 1st day worked, Block 10; whichever is shorter period of time.
Block 15B and 15C avg. wkly. earnings (27 pay periods or less, whichever is shorter) must be determined to complete these blocks.
Block 15C completed only electronically. Last 53 pay periods or less, whichever is shorter.
Created by: Moorebaier
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