- Exam Code: PF1
- Exam Name: Payroll Fundamentals 1Exam
- Updated: Oct 11, 2026
- Q & A: 75 Questions and Answers
National Payroll Institute PF1 Exam : Payroll Fundamentals 1Exam
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National Payroll Institute PF1 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Payroll Fundamentals and Compliance Framework | - Payroll legislation and regulatory bodies
|
| Topic 2: Payroll Records and Compliance Reporting | - Recordkeeping requirements
|
| Topic 3: Earnings, Deductions, and Taxation | - Deductions and remittances
|
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
Question #1
The source deductions form completed by all new employees in Quebec is called:
- A. T1213
- B. T2222
- C. TP-1015.3-V
- D. TD1-AB
Correct Answer: C 🗳️
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Question #2
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?
- A. The employee's number of years of service with the employer and its associated companies prior to
1996 - B. The employee's average earnings from the past five years with the employer and its associated companies
- C. The employee's wages at the point of receiving the retiring allowance
- D. The employee's age plus the employee's average earnings from the past five years with the employer and its associated companies
Correct Answer: A 🗳️
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Question #3
An employee has the use of a company-leased vehicle for both business and personal use. This is an example of:
- A. A benefit
- B. An earning
- C. An allowance
- D. An expense reimbursement
Correct Answer: A 🗳️
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Question #4
Michael is an employee in Alberta who is paid bi-weekly and earns $1,600.00 per pay period. He has a taxable meal allowance of $30.00 per pay period. His federal and provincial TD1s on file show a claim code
2. Michael already reached the annual maximum first and second Canada Pension Plan (CPP) contributions before this pay. Calculate his total federal and provincial income taxes.
Correct Answer:
(total federal + Alberta tax): $173.48
Explanation:
Taxable gross for the period = $1,600.00 + $30.00 = $1,630.00 (a taxable allowance is included in income for tax withholding).
Using CRA T4032-AB (Biweekly, 26 pay periods) with claim code 2:
Federal tax at pay $1,630 falls in the $1,619-$1,635 range # CC2 = $107.35.
Alberta provincial tax at pay $1,630 falls in the $1,628-$1,644 range # CC2 = $46.55.
Subtotal tax from the tables = $107.35 + $46.55 = $153.90.
CRA notes these tax tables build in the tax credits for CPP/EI, so when CPP is not deducted (because annual max already reached), you must increase tax withholding accordingly.
CPP that would have been deducted this pay (using CRA rates/YBE):
Pensionable = $1,630 # ($3,500/26 = $134.62) = $1,495.38; CPP (4.95% + 1.00% = 5.95%) = $88.98.
Add back missing credits: Federal 14% × 88.98 = $12.46; Alberta 8% × 88.98 = $7.12 # total $19.58.
Final total tax = $153.90 + $19.58 = $173.48.
Question #5
In which province or territory is the employer-paid premium for private health insurance coverage that includes dental and prescription coverage considered to be a non-cash taxable benefit?
- A. Yukon
- B. British Columbia
- C. Ontario
- D. Quebec
Correct Answer: D 🗳️
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