Chapter Year-End – Federal Chapter 3 Learning Objectives: Upon completion of this chapter, you should be able to: 1. reconcile payroll registers to accounting ledgers and the Canada Revenue Agency statements 2. adjust estimate to actual for taxable benefits 3. calculate and report pension adjustments 4. list reporting deadlines for year-end for the Canada Revenue Agency 5. prepare year-end documentation for the Canada Revenue Agency: T4 slip T4 summary T4A slip T4A summary 6. list the procedures required to amend year-end documents 7. calculate and compare pensionable and insurable withholdings with compliance requirements 8. differentiate the methods of year-end filing formats 9. list the items in the new year checklist 10. calculate the Canada/Québec Pension Plan exemption for 27 bi-weekly or 53 weekly pay periods Communication Objective: Upon completion of this chapter, you should be able to produce an internal memo to individuals involved in the budget process to inform them of the updated statutory rates. © The Canadian Payroll Association – Payroll Fundamentals XXXXXXXXXX Vs 11.0Chapter 3 Year-End – Federal Chapter Contents Introduction ..................................................................................................... XXXXXXXXXX3-3 Year-End Checklist ......................................................................................... XXXXXXXXXX3-4 Reconciliations ................................................................................................ XXXXXXXXXX3-6 Remittances ................................................................................................. XXXXXXXXXX3-6 Taxable Benefits ....................................................................................... XXXXXXXXXX3-10 Content Review...