Question 1

What is the portion of a retiring allowance eligible to be transferred into a Registered Retirement Savings Plan (RRSP) or a registered pension plan (RPP) tax free based on?

Options :

A : The employee’s wages at the point of receiving the retiring allowance

B : The employee’s average earnings from the past five years with the employer and its associated companies

C : The employee’s number of years of service with the employer and its associated companies prior to 1996

D : The employee’s age plus the employee’s average earnings from the past five years with the employer and its associated companies

Answer: C

Question 2

Rosa joined Avion Electronics in April 1983. Her employment was terminated on November 30, 2015 and she was paid a $62,500.00 retiring allowance. Rosa joined her company’s pension plan in 1986 and was fully vested on termination of employment. Calculate the non-eligible portion of the retiring allowance.

Options :

A : $30,500 non-eligible portion

B : $31,250 non-eligible portion

C : $32,000 non-eligible portion

D : $33,500 non-eligible portion

Answer: C

Question 3

Charmaine’s employment was terminated by her employer on April 13 of the current year. Charmaine had worked for her employer for 3 years and was paid 3 weeks of legislated wages in lieu of notice and two weeks’ vacation pay with her final pay. What date should be recorded in Block 11 on Charmaine’s Record of Employment?

Options :

A : April 13 of the current year

B : May 4 of the current year

C : Block 11 would not be completed

D : None of the above

Answer: A

Question 4

Evangeline earns $1,075.00 weekly plus $154.00 in overtime. Calculate Evangeline’s Québec Parental Insurance Plan (QPIP) premium.

Options :

A : (employee QPIP premium for the week): $4.72

B : (employee QPIP premium for the week): $5.28

C : (employee QPIP premium for the week): $6.03

D : (employee QPIP premium for the week): $6.89

Answer: B

Question 5

When would a Record of Employment be issued for an employee paid mainly by commission?

Options :

A : An employee mainly paid by commission is not entitled to receive a Record of Employment

B : When the employee has not earned any commission after six months

C : When the employment relationship has been severed

D : When the employee has had seven consecutive calendar days without both work and insurable earnings

Answer: C

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