Payroll liabilities include the employer's share of CPP contributions and EI premiums.

Name: Payroll liabilities include the employer's share of CPP contributions and EI premiums.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

Payroll liabilities indeed include the employer's share of Canada Pension Plan (CPP) contributions and Employment Insurance (EI) premiums, as these are amounts the employer is responsible for remitting to the government on behalf of both themselves and their employees.

Payroll Liabilities Include the Employer's Share of CPP Contributions and EI