Question

Provide two examples of regular payments and two examples of non-regular payments. In your own words, explain the differences in the statutory withholding requirements between regular and non-regular payments.. Payroll. Canada

Answer 1

Non-regular payments are not structured, so they do not have a scheduled frequency. An example of non-regular payment is retroactive payment in which the employee who was terminated but hired back because of a court decision or union intervention with back pay. Another example is bonus or incentive pay in which the employer pays an amount to the employee on top of the regular wages for exceeding performance, holiday bonus and etc.

Regular payments are structured so they have a scheduled frequency such as bi-weekly that is paid by salary or wages. An example of regular payment is salary in which a fixed amount is paid to the employee per pay period, not depending on the hours worked or production. Another example is piecework in which the employee receives a rate for each unit of production that is produced not depending on how long it took.

Example

Non-regular payments are not structured,

1. Compensation Is Received It is not a regular type of income it is earned through win a case in court.

2. Fees paid to Independent Executive Directors.

3. Holiday Bonus.

4. Bonus when it receives after a long period 2-3 year.

Regular payments are structured

1. Payment To employee at the fixed date it may be next month 7 day or any other rule of the Enterprise Subject to law. If enterprise Article of association is mention payment is to be pay on last day of a month then it is there own rule so they can follow it subject to government intervention.

2. Payment to Tax department If our Taxable liability is exceeding such limit then Tax from salary is deducted every month.

3. Any loan is taken from Bank their interest and principal payment or any kind of monthly EMI payments.

other examples

Fees paid to executors or liquidators and administrators are either income from office or employment or business

income, depending on whether the executor or administrator acts in this capacity in the regular course of
business.

For more information about your obligations as an executor or administrator, Amounts subject to
CPP contributions.

honorariums from employment or office, a share of profit that an employer paid, incentive payments, directors fees, management fees, fees paid to board or committee members, and executives, liquidator, or administrative fees earned to administer an estate (as long as the executor, liquidator, or administrator does not act in this capacity in the regular course of business);