The Employer's Remittance to CRA Includes

question 60

Multiple Choice

The employer's remittance to CRA includes

• A) CPP, EI, and extended health care.
• B) income tax, CPP, and EI
• C) income tax, CPP, EI, and extended health care.
• D) income tax, CPP, EI, and Workers Compensation.

---

Definitions:

Net Income

The total earnings of a company after subtracting all expenses, including taxes and operating costs, from its total revenues, indicating the company’s profit.

Dividends

A portion of a company’s earnings distributed to its shareholders as a reward for their investment.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles and standards in Canada designed for private companies.