Careers in Payroll – Contributing to Canada’s Economy
Canada’s 1.5 million employers annually pay $730 billion in wages and benefits to employees annually, $230 billion in payroll remittances to the federal and provincial governments and $80 billion in health and retirement benefits, along with issuing more than 24 million T4s and eight million RL-1s — while also complying with more than 185 federal and provincial legislative acts (in British Columbia there are 8 specific acts).
Payroll professionals do more than just pay employees accurately and on time. They bring extensive knowledge and skills to their jobs, including communication and management strategies; accounting and financial concepts; human resources and technology; and government legislation and implementation. They are responsible for filing remittances for Employment Insurance (EI), Canada Pension Plan (CPP), and income taxes, as well as other federal and provincial remittances and reporting requirements such as the Record of Employment (ROE). At year-end, they process all of the T4s and RL-1 forms that enable Canadian workers to settle their personal tax liability with the federal and provincial governments. Payroll professionals also coordinate the disbursement of payroll withholdings, such as savings plans, insurance plans, disability and medical benefit claims, company pension plans, union benefits, and group registered retirement savings programs.
For individuals in British Columbia who are already payroll professionals or students looking at studying payroll as a career, the Canadian Payroll Association (CPA) offers certification, training seminars, networking events and resources to keep professionals and their employers compliance and knowledgeable.
Certification
The CPA’s two certification programs – the Payroll Compliance Practitioner (PCP) and the Certified Payroll Manager (CPM) – are offered through Camosun College in Victoria and Douglas College in New Westminster. The CPA also offers an online format for all the payroll courses.
The PCP certification is designed to provide payroll practitioners with the payroll compliance knowledge required to implement payroll policies and processes for an annual payroll cycle, monitor and execute multi-jurisdictional legislation, and effectively communicate payroll issues to all stakeholders, including employees, senior executives and government agencies. There are 4 courses required to achieve a PCP certification including Payroll Compliance Legislation, Payroll Fundamentals 1, Introduction to Accounting, and Payroll Fundamentals.
The CPM certification builds on the payroll practitioners’ compliance knowledge by providing individuals with the management skills essential for effective decision-making, supervision, resource management, and integration of the payroll perspective into organizational policy and strategy discussions. The 5 courses required for the CPM include Payroll Management Processes, Organizational Behaviour Management, Managerial Accounting, Compensation and Benefits Management, and Payroll Management Practices.
Individuals who are PCP and CPM certified must retain membership with the CPA and take continuing professional education credits on an annual basis (PCP – 14 hours; CMP – 21 hours).
Programs & Benefits for Member Organizations and their Payroll Professionals (click links for more information)
• Certification Programs for Payroll Professionals – Payroll Compliance Practitioner (PCP) and Certified Payroll Manager (CPM) certifications. Over 8,000 certified members.
• Professional Development Series Seminars – More than 350 seminars offered annually across Canada. Expanded Web Seminar series in 2009.
• JobConnect – Connecting employers with skilled payroll professionals (member rates for postings)
• Payroll Guidelines, Legislative Updates, Publications – A resource area for members.
About the CPA
With a membership consisting of more than 13,500 organizations and payroll professionals, the CPA is committed to providing the payroll related services that members value and need to be compliant and knowledgeable. The CPA offers membership options for businesses and individuals. The CPA’s most common membership fee of $165 represents great value when compared to other associations in the professional association community.
The Canadian Payroll Association (CPA) has been representing employers’ payroll interests since 1978, through its mission of Payroll Leadership through Advocacy and Education. Effective and efficient payroll administration is mission-critical because of the magnitude of the expenditures made by employers and the breadth of the legislative compliance requirements. As the authoritative source of payroll knowledge in Canada, the CPA influences the operational, legislative, compliance and technology processes of payroll service bureaus, software providers, hundreds of thousands of small, medium and large employers, as well as federal and provincial tax authorities.