Statutory Remittances & Types of Pension Plans Memorandum
Communication assignment – memo writing
Your instructor will assign five of the following writing assignments.
Compliance with statutory remittances: your manager Jessica Boyer has asked
you to prepare a memo detailing the remittance responsibilities and legal
consequences of noncompliance with statutory remittances.
Provincial health care remittances: your organization currently has operations in
Ontario, New Brunswick in Alberta. The organization is planning on expanding
into the provinces of Manitoba and British Columbia within the next six
months. The manager of finances asked you for information on the health care
funding method used in these two provinces prepare a memo providing
information on how healthcare is funded in each jurisdiction how it is
calculated, reported and remitted, and what the impact on payroll would be if
Self-administered benefit billing process: the organization you work for is
changing their benefit plan system from build to self-administered, effective
December 1 of this year as the payroll manager prepare a memo for your
department outlining the new processes required to administer this plan.
Calculating Worker’s Compensation assessments: you are the payroll
administrator in a multijurisdictional organization that has employees across
Canada. In addition to the regular financial aspects of the audit. This year the
auditors for your organization or looking at the processes in place in certain
areas of the payroll department. To speed up the process the payroll manager is
preparing documentation for the auditors to follow that outline various
processes. Please prepare a memo for her outlining the general procedures for
calculating the Worker’s Compensation assessment in all jurisdictions to be
included in the documentation for the auditors.
Month-end payroll accruals: you work for a large multinational organization
and the Canadian subsidiary is being spun off into a separate organization. You
will need to start doing some of the accounting functions that were previously
handled by the head office in Britain you have been asked by the controller to
prepare a memo with the different monthly accruals required for the biweekly
payroll and how each will be accrued.
Types of pension plans: you’re the payroll coordinator for a medium-sized
organization in the aluminum industry to remain competitive and retain
employees. Your organization is considering offering a pension plan. The chief
financial officer is concerned that this will increase work at year end when the
payroll staff is already extremely busy. Write a memo to the CFO outlining the
different types of plans and the year-end requirements for each.
Amending the RL 1: your organization filled out all of its information returns
with revenue Québec when it was discovered that an error had been made on
one employees paper RL – 1 form. The controller has asked you to investigate
how the information slip should be corrected. Prepare a memo outlining the
steps that you would take to amend your information returns.
Québec year-end reporting requirements: your organization will be starting
operations in the province of Québec this year and the director of employee
relations has asked you to investigate the new employer year and reporting
requirements. Aside from the employee and employer portions of Québec
pension plan contributions and Québec parental insurance premium and
employee Québec provincial income tax, prepare a memo outlining the new
reporting requirements along with details on how they are reported.