Final answer:
Option (C), Provincial/territorial pension legislation primarily impacts payroll through employee insurance, health benefits, worker's compensation insurance, and payroll taxes.
Step-by-step explanation:
The areas in provincial/territorial pension legislation that primarily impact payroll include employee insurance, which may encompass health benefits, retirement plans, employer payments to Social Security, unemployment, and worker's compensation insurance. These aspects of pension legislation are essential as they dictate deductions from an employee's wages and the taxes paid by an employer based on the employee's wages, including the funding of social security and other insurance programs.
Pension insurance, for instance, requires employers to contribute to the Pension Benefit Guarantee Corporation, ensuring that employees receive at least some pension benefits if the company is unable to fulfill its pension obligations. Additionally, payroll taxes are a critical component directly influenced by pension legislation that employers need to adhere to; these taxes include deductions from employees' wages and taxes paid from the employer's funds.
In summary, employers must navigate various components of pension legislation impacting payroll, including supplemental pay, insurance, health benefits, retirement and savings, as well as legally required contributions, to ensure compliance and proper compensation for their employees.