DISCUSSION ACTIVITY 1
Your employer is considering adding a group term life insurance plan to the employee benefit package. The premium cost would be fully paid by the organization. Explain how this will impact:
• the employees’ net pay
• the employer’s payroll costs
DISCUSSION ACTIVITY 2
The TD1 form is used by employees to claim federal personal tax credits impacting their tax deductions. Choose three of the tax credit amounts available on the TD1 (except the basic personal amount) and explain who might claim these tax credits and how this will impact the employee’s tax situation.
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