country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Case Study On Payroll Taxes Of Nunavut

tag 54 Downloads2 Pages / 455 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Case Study on Payroll Taxes of Nunavut.

 

Answer:

Memo

Date:   November 11, 2016

To:       Mary Lapointe, the Chief Financial Officer  

From: [Your name]

Re:       Information on payroll taxes of Nunavut Province, Canada 

In case of income tax on the payroll earned by the employees, there exists a mechanism of tax deduction at source. Under this mechanism, the employer who employs the individuals on payroll is required to deduct the tax from payroll of the employees at the time the payment is made. The employer is responsible to deduct and remit the tax on payroll to the government[1]. 

The payroll tax is computed at the rate of 2% on the gross payroll paid to the employee by the employer[2]. However, no tax is levied on the payroll, if the employee normally works outside Nunavut and earns less than $5,000 by working temporarily in Nunavut. The employee is termed as normally working outside Nunavut if that employee works for more than 50% of the total employment period outside the provinces of Nunavut.

In case of employees working in Nunavut for 40 days, it could be observed that they normally work in Nunavut, thus, they will have to pay payroll tax on the entire gross pay earned. In this case the tax to be deducted by the employer would be $320 (40days*$400*2%). Further, in case of employees who worked for 10 days and 15 days in Nunavut out of the total period of working of 60 days, they will be termed as normally working outside Nunavut. Thus, these employees if earn less than $5000 would not be liable for payroll tax in Nunavut. In the current case, employees working for 10 days will not be liable for payroll tax because their pay is less than $5000. Further, the wages of employees working for 15 days amounts to $6000 (15days*$400), thus, they would be liable for tax deduction for an amount of $20 [($6,000-$5,000)*2%]. 

Thus, if the company hires guides from Alberta that is the province situated in western region in the Canada, they will be treated as employees working normally outside Nunavut if their working period in Nunavut in not more than the total employment period.

 

In regard to the provisions for reporting and remission the tax deducted at source, it has been observed that the government has prescribed limit of annual remuneration and the reporting period corresponding to this limit. However, an employer having seasonal business is required to report annually and remit the payroll taxes by 20th of the month following the month in which year ends[3]. In the present case, Northern Travel Experience Company is having seasonal business, thus, the reporting requirement will be annually.

Download Sample

Get 100% money back after download, simply upload your unique content* of similar no. of pages or more. We verify your content and once successfully verified 100% value credited to your wallet within 7 days.

Upload Unique Document

Document Under Evaluation

Get Credits into Your Wallet

*The content must not be available online or in our existing Database to qualify as unique.

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Case Study On Payroll Taxes Of Nunavut. Retrieved from https://myassignmenthelp.com/free-samples/case-study-on-payroll-taxes-of-nunavut.

"Case Study On Payroll Taxes Of Nunavut." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/case-study-on-payroll-taxes-of-nunavut.

My Assignment Help (2018) Case Study On Payroll Taxes Of Nunavut [Online]. Available from: https://myassignmenthelp.com/free-samples/case-study-on-payroll-taxes-of-nunavut
[Accessed 03 July 2020].

My Assignment Help. 'Case Study On Payroll Taxes Of Nunavut' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/case-study-on-payroll-taxes-of-nunavut> accessed 03 July 2020.

My Assignment Help. Case Study On Payroll Taxes Of Nunavut [Internet]. My Assignment Help. 2018 [cited 03 July 2020]. Available from: https://myassignmenthelp.com/free-samples/case-study-on-payroll-taxes-of-nunavut.


MyAssignmenthelp.com has become one of the leading assignment help provider in New York City and Boston. We provide top class auditing assignment help. Not only auditing, but we also cover more than 100 subjects and our writers deal with all types of assignments with utmost expertise. To make writing process faster and accurate, we have segmented our assignment experts' teams as per their expertise on writing different types of assignments. We guaranteed that students who buy our assignment online get solutions worth their investment.

Latest Samples

HUSO2286 Introduction To Applied Human Rights

Download : 0 | Pages : 9
  • Course Code: HUSO2286
  • University: Royal Melbourne Institute Of Technology
  • Country: Australia

Answer: Introduction According to David Fetterman, ethnography is about telling a credible, authentic story told through the eyes of the local people as they pursue their daily lives in their own communities (Fetterman, 2019). In its most characteristic form, an ethnographic study involves a researcher participating in people’s daily lives for an extended period of time. Participation can be done in an overt or covert manner (Struthers,...

Read More arrow Tags: Australia Introduction to Applied Human Right Royal Melbourne Institute of Technology 

HLTENN009 Implement And Monitor Care For A Person With Mental Health Conditions 2

Download : 0 | Pages : 7

Answers: Simulated Mental Health client care setting Identify Psychological aspects relevant to Mental health The term psychological means both emotional mental rather than physical, it determines the ways a person thinks, feels and acts. It also determines the ability of a person to deal with stress and make healthier life decisions. During mental illness, there is deterioration in the mental and emotional wellbeing of a person. He lose...

Read More arrow Tags: Australia 16  Implement And Monitor Care For a Person With Mental Health Conditions Tafe NSW 

ECTPP301A Educational Psychology And Pedagogical Practice

Download : 0 | Pages : 7

Answer: Statement According to the Early Year Learning Framework, the field of teaching should instigate the basic curriculum attributes of social emotional intellectual and physical development among students. In my teaching profession, I would strive to develop this attributes among students by providing them interactive setting to communicate and develop both physically and mentally (education.gov.au, 2020). In the following study, I ...

Read More arrow Tags: Australia 26 Educational Psychology and Pedagogical Practice Tafe NSW 

HI6027 Business And Corporate Law 5

Download : 0 | Pages : 6

Answers: 1 A sole trader is considered as an individual or any entity who practices a business alone. It is measured as the easiest method of occupation and the inexpensive procedure of the commerce where other than the sole trader no other person or entity shall be obligated for the profits incurred and the losses in the business. A Company is mentioned  as any body or organization that is devouring a separate individuality separately f...

Read More arrow Tags: Australia Rozelle 8 business and corporations law Holmes Institute 

CC6051 Incident Response For Cybercriminals Penetrating Equifax

Download : 0 | Pages : 9
  • Course Code: CC6051
  • University: London Metropolitan University
  • Country: United Kingdom

Answer: Introduction: Hacking is the identification of weakness within computer networks to systems for exploiting different inadequacies to retrieve access. The following report analyzes various hardware and software tools utilized in hacking. This is because information is the most expensive resource for any business. Its security protects the image of the organization and helps in saving lots of money. However, the main the objective of t...

Read More arrow
Next
watch

Save Time & improve Grade

Just share Requriment and get customize Solution.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,354,807

Orders

4.9/5

Overall Rating

5,080

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

134 Order Completed

95% Response Time

Thomas Nelson

MS in Information Systems Technology with Specialization in Database Administration

New Jersey, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

610 Order Completed

100% Response Time

Cheryl Zhao

PhD in Statistics

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 4/5

2594 Order Completed

95% Response Time

Michael Johnson

Masters of MSc in Economics

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1896 Order Completed

95% Response Time

Herman Berens

MSc in Psychology

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

very helpful. changed the assignment content within only 24 hours. quick and friendly customer service. i\'m glad i chose you

flag

User Id: 428501 - 03 Jul 2020

Australia

student rating student rating student rating student rating student rating

testing pls ignore it.. testing pls ignore it.. testing pls ignore it.. testing pls ignore it.. testing pls ignore it.. 123

flag

User Id: 34140 - 03 Jul 2020

Australia

student rating student rating student rating student rating student rating

This was really helpfull as i got lot of ideas. I would recommend all of them to use this site.

flag

User Id: 318973 - 03 Jul 2020

Australia

student rating student rating student rating student rating student rating

Dear expert ,I appreciated order is completed short time work , your great result.I am very grateful to you. I was stress and busy with my other work. You are done amazing grade, 94 out of 100

flag

User Id: 353631 - 03 Jul 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?