Sophie Ball, the Director of Human Resources of your Northern Expeditions company, has advised that the company will be opening an office in Nunavut this year.
accounting
Description
Sophie Ball, the Director of Human Resources of your Northern
Expeditions company, has advised that the company will be opening an office in
Nunavut this year. The office will offer guided northern trips to hunters and
adventurers. It expects to mainly employ local guides (40 days over the summer
period) but the company will also be periodically bringing in guides from its
offices in Alberta, Saskatchewan and Québec. Some of the guides from outside
Nunavut may work 10 days, others could work 15 days over the summer depending
on the number of bookings; they normally work in their home province for 60
days every year. The average daily rate paid to these guides is $400.
Sophie is asking for information on the Nunavut
Payroll Tax. Who pays the tax and how is it calculated? Are there any special
considerations or challenges for the calculation of the payroll tax for the
guides brought in from Alberta, Saskatchewan and Québec? What are the reporting
and remitting requirements during the year? What are the reporting requirements
at year-end? Provide examples based on the information provided in the
assignment to clarify.
Any responses taken
directly from the external government resource or course material will not be
accepted. Information referenced from the government resource(s) and the course
material must be cited. For example:
·
if you are referencing the Canada Revenue Agency’s Employers'
Guide - Payroll Deductions and Remittances – T4001, state the URL where the
information can be found, https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/t4001.html and
the page number, if applicable
