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At Lead2PassExam, we are committed to providing our clients with the actual and latest National Payroll Institute PF1 exam questions. Our real PF1 exam questions in three formats are designed to save time and help you clear the PF1 Certification Exam in a short time. Preparing with Lead2PassExam's updated PF1 exam questions is a great way to complete preparation in a short time and pass the PF1 test in one sitting.
| Section | Objectives |
|---|---|
| Topic 1: Employment Income – Allowances, Expenses and Benefits | - Taxable and non-taxable benefits
|
| Topic 2: Provincial Remittances | - Provincial payroll requirements
|
| Topic 3: Record of Employment | - ROE processing
|
| Topic 4: Termination of Employment | - Termination processing
|
| Topic 5: Payroll Accounting | - Payroll accounting practices
|
| Topic 6: Non-Regular Payments | - Special payroll payments
|
| Topic 7: Year-End Processing | - Federal and provincial year-end reporting
|
| Topic 8: Federal Remittances | - Government remittance obligations
|
| Topic 9: Commission Payments | - Commission payroll processing
|
| Topic 10: Employment Income – Regular Earnings | - Regular payroll calculations
|
| Topic 11: Non-Statutory Deductions | - Voluntary deductions
|
| Topic 12: Workers’ Compensation | - Workers compensation administration
|
| Topic 13: New Employee Information | - Employee setup and documentation
|
>> National Payroll Institute PF1 Reliable Test Syllabus <<
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NEW QUESTION # 20
Which of the following types of earnings are not considered income from employment?
Answer: B
Explanation:
Regular salary, vacation pay, and commissions are generally treated as income from employment because they are amounts paid for services performed during employment. In contrast, what many people call
"severance pay" is often classified by the CRA as a retiring allowance-an amount paid when or after an employee retires or loses their job, in recognition of long service or for the loss of employment.
This distinction matters in payroll because a retiring allowance has its own rules for withholding and potential RRSP/RPP transfer eligibility, and it is not treated the same way as normal employment income earned while actively employed. CRA technical guidance also draws lines between amounts that are employment income versus retiring allowance depending on the nature/timing of the payment.
So, among the options listed, severance pay (when it is a retiring allowance) is the one that is not considered income from employment in the way salary/vacation pay/commissions are.
NEW QUESTION # 21
Which of the following deductions would be the last payroll withholding in order of priority?
Answer: A
Explanation:
In payroll, deductions are applied in a priority order so employers satisfy mandatory legal obligations first.
CRA collection tools such as a Requirement to Pay (RTP) and a Demand on a Third Party (DTP) are legal
/garnishment-type deductions. CRA explains that a Requirement to Pay directs a third party (often the employer) to send amounts otherwise payable to the employee to the CRA, and the employer must comply.
Company pension contributions (where participation is required as a condition of employment or under a plan
/collective agreement) are generally company-compulsory deductions-important, but they come after statutory and legal deductions. Voluntary insurance coverage is a classic voluntary deduction (the employee chooses it; it is not legally required). Voluntary deductions are normally taken last because they must not interfere with statutory/legal withholding obligations.
So among the options, voluntary insurance coverage is the one that would be withheld last in the order of priority.
NEW QUESTION # 22
Jasmine works for a Saskatchewan employer and earns $500.00 weekly. Calculate her Employment Insurance (EI) premium.
Answer:
Explanation:
$8.15 (employee EI premium for the week)
Explanation:
For employees whose province of employment is outside Quebec (including Saskatchewan), EI premiums are calculated by multiplying the employee's insurable earnings by the employee EI premium rate for the year, up to the annual maximum insurable earnings. For 2026, the employee EI premium rate outside Quebec is $1.63 per $100 of insurable earnings (which is 1.63%).
Jasmine earns $500.00 weekly and (based on the question) we assume all earnings are insurable and she has not reached the annual maximum. Her EI premium is:
$500.00 × 1.63% = $500.00 × 0.0163 = $8.15.
This amount is deducted from the employee's pay and later remitted to the CRA as part of the employer's regular payroll remittance. The maximum insurable earnings for 2026 is $68,900, but at $500 per week she would only hit the maximum later in the year (if at all), so the weekly premium calculation above applies.
NEW QUESTION # 23
Which pension plan requires the services of an actuary to study and forecast future needs of the plan to ensure the plan remains sufficiently funded to provide employees with their retirement benefits?
Answer: B
NEW QUESTION # 24
An employee has the use of a company-leased vehicle for both business and personal use. This is an example of:
Answer: D
Explanation:
This is a benefit because the employer is providing access to an automobile (leased by the employer) that the employee can use for personal driving as well as business. The CRA explains that when an employer-owned or employer-leased automobile is made available for personal use, the employee receives a taxable automobile benefit, generally made up of a standby charge (availability of the vehicle) and potentially an operating expense benefit (if the employer pays operating costs and the employee has personal kilometres).
It is not an allowance (which is typically a cash amount given to the employee), and it is not an expense reimbursement (repayment of employee-incurred business expenses). It is also not an earning (pay for work performed). Payroll's role is to track availability days/months, business vs personal kilometres, any employee reimbursements, apply the CRA calculation methods, and report the taxable benefit on the employee's information slip with the correct taxable benefit treatment.
NEW QUESTION # 25
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P.S. Free 2026 National Payroll Institute PF1 dumps are available on Google Drive shared by Lead2PassExam: https://drive.google.com/open?id=1w0G9z90rtREgRen4g0GbSSlgkxSLQGTa