Final answer:
Quebec payroll is governed by the Employment Standards Act, Quebec Parental Insurance Plan Act, Income Tax Act, and Quebec Pension Plan Act, which set regulations for wages, parental benefits, taxation, and pension contributions.
Step-by-step explanation:
The statutes in Quebec that affect payroll include various acts that lay out the legal framework for employers when managing employee compensation. Employment Standards Act (Act Respecting Labour Standards) sets the foundation for working conditions such as minimum wage, overtime pay, and other labor-related provisions. Quebec Parental Insurance Plan Act (QPIP) provides benefits for parental leave, impacting payroll deductions and employer contributions. Income Tax Act (ITA) stipulates the rules for withholding and remitting personal income taxes from employees' paychecks. Lastly, Quebec Pension Plan Act (QPPA) governs contributions to the provincial pension plan. Together, these laws ensure that payrolls comply with the legal requirements for wages, benefits, taxation, and retirement savings in Quebec.
It is important for employers to understand and adhere to these statutes to avoid legal penalties and to provide fair workplace standards for their employees. Payroll taxes, including deductions from employee wages and employer contributions, are crucial elements that must be accurately accounted for in compliance with these laws.