Download National Payroll Institute : PF1 Questions & Answers as PDF & Test Software
Last Updated: Sep 24, 2026
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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 | - Government reporting
|
| Topic 3: Earnings, Deductions, and Taxation | - Types of earnings
|
National Payroll Institute Payroll Fundamentals 1Exam Sample Questions:
In Block 6 of the Record of Employment, what pay period type is entered for employees who are paid salary plus regularly paid commission?
- A. Monthly
- B. Weekly
- C. Irregular
- D. Depends on the pay period frequency
Correct Answer: D 🗳️
Explanation: Only visible for TestSimulate members. You can sign-up / login (it's free).
Duncan Drapak was employed in Ontario. Upon termination of his employment, he will be paid $7,760.00 legislated wages in lieu of notice together with his final weekly pay of $875.00. Calculate Duncan's Canada Pension Plan (CPP) contribution if the yearly maximum contribution will not be exceeded.
Reveal Solution Discussion 0Correct Answer:
$509.78
Explanation:
Legislated wages in lieu of notice are treated as pensionable employment earnings for CPP purposes, so they are included with the employee's final regular pay when calculating CPP deductions (assuming no CPP exemption applies).
Step 1: Determine total pensionable earnings for the week:
$7,760.00 + $875.00 = $8,635.00.
Step 2: Subtract the CPP basic exemption (Year's Basic Exemption is $3,500 annually). For a weekly payroll, the basic exemption is prorated:
$3,500 ÷ 52 = $67.31.
CPP contributory earnings for the week:
$8,635.00 # $67.31 = $8,567.69.
Step 3: Apply the 2026 CPP employee contribution rate of 5.95% (base CPP). The question states the annual maximum will not be exceeded, so no capping is required in this calculation.
CPP contribution:
$8,567.69 × 5.95% = $509.7777..., rounded to $509.78.
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?
- A. Defined benefit pension plan
- B. All of the above
- C. Registered Retirement Savings Plan
- D. Defined contribution pension plan
Correct Answer: A 🗳️
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 age plus the employee's average earnings from the past five years with the employer and its associated companies
- D. The employee's wages at the point of receiving the retiring allowance
Correct Answer: A 🗳️
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When would a Record of Employment be issued for an employee paid mainly by commission?
- A. When the employee has not earned any commission after six months
- B. When the employment relationship has been severed
- C. An employee mainly paid by commission is not entitled to receive a Record of Employment
- D. When the employee has had seven consecutive calendar days without both work and insurable earnings
Correct Answer: B 🗳️
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