PAYROLL ,CPP, EI , VACATION , WSIB
aliko-aapayrollservices.com - Small businessess from 1 to 80 employees outsource your payroll management to us and let us worry about your payroll processing.
RSS Follow Become a Fan

Delivered by FeedBurner


Recent Posts

Tax changes to expect when you’re expecting
2016 Tax Tips for 2015 Filing Year
From Proprietorship to Corporation - When is the Best Time to Incorporate?
Tax Specialists Brief your Clients About CRA Fraud And E-Mail Scams
Bank of Canada cuts rates again

Most Popular Posts

Help your teenager build credit responsibly
Being an Executor of an Estate
Anti-Aging
Student Line of Credit
Principal Residence Exemption

Categories

aliko nutrition store- isotonix
aliko payroll services
canada revenue news and videos
canadian news
CPP ,OAS RRIF ANNUITY
Cross border Tax
Disability awareness and Benefits for disabled
estate planning
FINANCIAL LITERACY
HEALTH & NUTRITION
Home Car Insurance
Income Splitting Strategies in Retirement
INVESTING
kids and money -set your children up for financial success
life insurance
on line safety tips
online safety tips
PAYROLL
Real Estate - Investments / Retirement
RETIRE HAPPY BLOG
Retirement planning
SAVE YOUR MONEY
Save your money
SERVICE CANADA NEWS
small business planning
Tax Information for Students
tax news
tax planning
tax tips.ca
Tech news
TFSA

Archives

January 2016
July 2015
May 2015
April 2015
February 2015
December 2014
November 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013

powered by

MY BLOG

PAYROLL ,CPP, EI , VACATION , WSIB

 
 
 
payroll  cpp ei vacation  wsib
 
 
 
Payroll
 
 
 
Ontario
 
 
OntarioEmployment / Labour Standards and Regulations – 2013Minimum Wage·         $10.25 per hourNote:
 
 
 This is a general minimum rate.
 
 
The rate may vary by type of employment (see s.5 of the Exemptions, Special Rules and Establishment of Minimum Wage Regulation for details).Call-in Pay· 
 
 
3 hours at minimum wage or employees regular rate for time worked, whichever is greaterOvertime Pay:
Time + 1/2·         Over 44 hours per week
 
 
 
Note: Overtime pay to be 1.5 times the regular hourly wageProvincial Payroll Tax·         Payroll Tax — (EHT) from 0.98% to 1.95% of gross earnings $400,000 exemption per employer.
 
 
 
 
Vacation Entitlement·         After 1 year: 2 weeksVacation Pay·         4% of vacationable earningsTip: To determine vacationable earnings, check the Vacationable Earnings chart or consult with employment/labour standards in the jurisdiction.
 
 
 
Statutory Holidays·         New Year’s Day (January 1)·         Family Day (Third Monday in February)·         Good Friday (March 29)·         Victoria Day (May 20)·         Canada Day (July 1)·         Labour Day (September 2)·         Thanksgiving Day (October 14)·         Christmas Day (December 25)·         Boxing Day (December 26)Statutory Holiday Pay (if worked)·        
 
 
 
Regular wages plus vacation pay payable in the previous 4 work weeks divided by 20, plus Time+ 1/2 OR regular wages earned plus alternate day.Notice of Termination
by Employer·   
 
 
      Less than 3 months of employment: Nil·         3 months - 364 days of employment: 1 week· 
 
 
        1 - 3 years of employment: 2 weeks·         After 3 years of employment: 3 weeks plus 1 week per year to a maximum of 8 weeks
 
 
 
Note: When terminating in groups of 50 or more, group termination rules may apply.Maternity or Pregnancy Leave·         17 weeks after 13 weeks of employmentNote 1: Maximum combined pregnancy/parental leave is 52 weeks. The longer period of parental leave applies if maternity/pregnancy leave is not taken.
 
 
 


Note 2: Most jurisdictions require leaves to be taken within a specified period. Check with the applicable employment/labour standards office.Parental Leave (available to either parent)·         35 or 37 weeks after 13 weeks of employmentNote 1: Maximum combined pregnancy/parental leave is 52 weeks. The longer period of parental leave applies if maternity/pregnancy leave is not taken.
 
 
 


Note 2: Most jurisdictions require leaves to be taken within a specified period. Check with the applicable employment/labour standards office.Bereavement·         10 days/yrNote:In Ontario, a total of 10 days of personal emergency leave is available to any employee whose employer regularly employs 50 or more employees.Compassionate/ Family Care/ Responsibility·         8 weeksNote 1: If family member does not die during 26-week period (or other period that may be set out in regulations), the employee may take another leave after providing the employer with a new medical certificate.

Note 2: Bill 21(first reading: March 5, 2013) would create an additional 8 week period of leave to care for a family member with a serious medical condition, an additional 37 week period of leave to care for a critically ill child, an additional 52 week period of leave for the crime-related disappearance of a child and an additional 104 weeks period of leave for the crime-related death of a child .Emergency·         YesSick·         10 days/yrNote 1: In Ontario, a total of 10 days of personal emergency leave is available to any employee whose employer regularly employs 50 or more employees.

Note 2: Organ donation leave is available.Voting·         3 hoursReservist’s Leave·         YesNote: Leave for Reservists – Employees who are members of the Canadian Forces Reserves and deployed for active service are entitled to a job-protected unpaid leave. Eligibility requirements and period of leave varies-consult applicable employment/labour standards information.
 
 
 
 
 
 
CPP & QPP
Canada Pension Plan (CPP) is a national insurance program that provides income for Canadians when they retire or if they become disabled. The Quebec Pension Plan (QPP) fulfills the same role in that province.
 
 
 
 
Employers are required by law to deduct CPP/QPP contributions from their employees' pay and to provide a matching contribution.
Working Canadians between the ages of 18 and 70 must contribute to the CPP or QPP unless they already receive a disability pension from the plan or are exempt for another reason. Unless an employee over 65 years of age files a CPT30 form with CRA and provides the employer with a copy, CPP contributions are to continue being made until the employee turns 70.
 
 
 
 
CPP/QPP contributions are directly related to annual pensionable earnings. The basic exemption, maximum contribution limit, and benefits are adjusted annually to accommodate changes in the average cost of living. Please refer to the following tables for current rates and amounts.
 
 
 
 
CPP/QPP Contribution Calculation –2012 & 2013 CPPQPP 2012201320122013Contribution Rate4.95% 4.95% 5.025%5.10% Maximum Employee Contribution$2,306.70 $2,356.20 $2,341.65$2,427.60 Maximum Pensionable Earnings$50,100 $51, 100 $50,100$51,100 Maximum Contributory Earnings$46,600 $47,600 $46,600$47,600 Annual Basic Exemption$3,500$3,500$3,500$3,500
 
 
CPP/QPP Exemption Amounts – 2013Pay PeriodBasic Exemption ($)Weekly67.30Bi-weekly134.61Semi-monthly145.83Monthly291.6610 periods350.0027 pays129.6253 pays66.03Annual3,500.00
 
 
Pensionable Earnings - 2013To determine whether a particular earning is subject to CPP contributions, please refer to the Canada Revenue Agency’s Special Payments Chart.
 
 
 
 
Employment Insurance 
 
 
 
 
Employment Insurance (EI) provides temporary income support for unemployed Canadians who cannot work for reasons of sickness, childbirth, or parenting; or who are providing care or support to a family member who is gravely ill with a significant risk of death.
 
 
 
EI also provides temporary financial assistance for unemployed Canadians while they look for work or upgrade their skills.
 
 
 
Employers must deduct EI premiums from each dollar of their employees’ insurable earnings up to the yearly maximum. Most earnings in Canada are insurable. There is no age limit for deducting EI premiums.
 
 
 
Employers are also required to contribute at a rate 1.4 times the EI premium withheld for each employee (unless eligible for a reduced rate).
Employment Insurance 20122013Rate1.83%1.88%Maximum Insurable Earnings$ 45,900.00$ 47,400.00Maximum Annual Premium$ 839.97$ 891.12
 
 
Employment Insurance – Quebec Employees 20122013Rate1.47%1.52%Maximum Insurable Earnings$ 45,900.00$ 47,400.00Maximum Annual Premium$ 674.73$ 720.48
 
 
Quebec Parental Insurance Plan Premiums –
 
QPIP 20122013Contribution Rate (Employees)0.559%0.559%Maximum Insurable Earnings$66,000.00$67,500.00Maximum Employee Premium$368.94$377.33Employer Contribution Rate0.782%
(1.4 x 0.559)0.782%
(1.4 x 0.559)
 
 
Reduced EI Rates for Company Paid Portion 20122013 Reduced RateMultipleReduced RateMultipleCategory 10.271.2520.251.267Category 20.401.1810.371.203Category 30.391.1870.371.203Category 40.421.1700.401.187
 
 
Reduced EI Rates for Company Paid Portion – QPIP Contributors 20122013 Reduced RateMultipleReduced RateMultipleCategory 10.271.2160.251.236Category 20.401.1280.371.157Category 30.391.1350.371.157Category 40.421.1140.401.137
 
 
Summary Chart for Insurable Earnings & Hours - 2012 To determine whether or not earnings and hours are insurable, and, if they are insurable, to which pay period they should be allocated,
 
 
 
 
 
Taxable Benefits
 
 
 
 
When an employer provides a benefit to an employee in addition to salary and wages, they may need to include its value in the employee’s taxable income.A benefit can include a reimbursement of personal expenses, free use of property, goods, or services, or an allowance.
 
 
 
The table below lists examples of taxable benefits and explains how to quantify them.The following information is subject to change.
 
 
 
 
Some benefits are subject to PST and/or GST, which may become a component of the taxable benefit. It is best to establish the correct ruling with the taxation office.Taxable Benefits Listing - 2013Taxable BenefitDetailsMedical CoverageEmployer portion of provincial health plan premiums (BC). Employer-paid premiums under private health insurance plans (Quebec only).
 
 
 
 
Group Life InsuranceEmployer-paid premiums on group life insurance.AD & D InsuranceA federally taxable benefit effective January 1, 2013. Historically employer-paid premiums for this benefit were only taxable in Quebec.Company Car (owned)2% of capital cost per month plus pro-rated operating costs.Company Car (leased)2/3 of leasing cost plus pro-rated operating costs.
 
 
 
Gifts/AwardsFederal: $500 exemption for gifts and awards together, plus, a long service award of $500 every 5 years; $500 is now an exemption. Any amount in excess of $500 is taxable;
 
 
 
 
No limit to number of non-cash gifts and awards an employee may receive in a year, provided FMV does not exceed $500. “Nominal” gifts and awards such as t-shirts, mugs, etc., are excluded from taxability. Quebec: $500 threshold treated as an exemption. No limit on number of gifts/awards provided. Gift certificates and smart cards qualify as a non-monetary gift.Board and LodgingDifference between fair market value and any lower amount the employee pays.Interest-free & Low-interest LoansDifference between interest that would have been paid for the year at the prescribed interest rates, and the amount of interest, if any, that the employee pays in the year.
 
 
 
Income Maintenance PlansEmployer-paid premium to a non-group plan for
A – Sickness & Accident Insurance
B – Disability Insurance
C – Income MaintenanceFor additional information about taxable benefits, contact your district taxation office and/or applicable publications. (i.e., CRA Employers’ Guide Taxable Benefits and Allowances (T4130)/Revenu Quebec - IN-253, Taxable Benefits)
 
 
 
 
 
Withholding Tax regulations on lump sum single payments made to an employee, or a withdrawal from an RRSP - 2013 Less than $5,000$5,001-15,000$15,001+Federal TaxIn Quebec5%10%15% All other provinces10%20%30%Provincial TaxIn Quebec* 16%20%20%*If paying bonus/retro and less than $14,000, may use 8% provincial tax rate.
Please check regulations to determine if lump sum rates apply.Prescribed Interest Rates - 2013QuarterRate1st Quarter1%2nd Quarter1%3rd Quarter1%4th Quarter1%Note: For future quarterly rates, see CRA’s web site
 
 
 
 

 
 Income Tax
 
 
Canada levies a personal income tax on income earned. The amount any individual must pay is based on their taxable income (income earned less allowed expenses) for the tax year.
The table below provides information on federal and provincial/territorial income tax rates.
 
 
 
 
 
Federal Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 11,038.00Code 211,038.01 – 13,147.00Code 313,147.01 – 15,256.00Code 415,256.01 – 17,365.00Code 5 17,365.01 – 19,474.00Code 619,474.01 – 21,583.00Code 721,583.01 – 23,692.00Code 823,692.01 – 25,801.00Code 925,801.01 – 27,910.00Code 1027,910.01 – 30,019.00
 
 
Annual taxable incomeRate0 – 43,56115.00%43,561 – 87,12322.00%87,123 – 135,05426.00%135,054 and over29.00%
 
 
 
 
 
 
 
Alberta Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 17,593.00Code 217,593.01 – 20,167.00Code 320,167.01 – 22,741.00Code 422,741.01 – 25,315.00Code 525,315.01 – 27,889.00Code 627,889.01 – 30,463.00Code 730,463.01 – 33,037.00Code 833,037.01 – 35,611.00Code 935,611.01 – 38,185.00Code 1038,185.01 – 40,759.00
 
 
Annual taxable incomeRateThe provincial rate that applies to all taxable income for Alberta is still 10%
 
 
 
 
British Columbia Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 10,276.00Code 210,276.01 – 12,495.00Code 312,495.01 – 14,714.00Code 414,714.01 – 16,933.00Code 516,933.01 – 19,152.00Code 619,125.01 – 21,371.00Code 721,371.01 – 23,590.00Code 823,590.01 – 25,809.00Code 925,809.01 – 28,028.00Code 1028,082.01 – 30,247.00
 
 
Annual taxable incomeRate0 – 37,5685.06%37,568 – 75,1387.70%75,138 – 86,26810.50%86,268 – 104,75412.29%104,754 and over14.70%
Manitoba Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –   8,884.00Code 28,884.01 – 10,577.00Code 310,577.01 – 12,270.00Code 412,270.01 – 13,963.00Code 513,963.01 – 15,656.00Code 615,656.01 – 17,349.00Code 717,349.01 – 19,042.00Code 819,042.01 – 20,735.00Code 920,735.01 – 22,428.00Code 1022,428.01 – 24,121.00
 
 
Annual taxable incomeRate0 – 31,00010.80%31,000 – 67,00012.75%67,000 and over17.40%
 
 
 
 
New Brunswick Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –  9,388.00Code 29,388.01 – 11,470.00Code 311,470.01 – 13,552.00Code 413,552.01 – 15,634.00Code 515,634.01 – 17,716.00Code 617,716,01 – 19,798.00Code 719,798.01 – 21,880.00Code 821,880.01 – 23,962.00Code 923,962.01 – 26,044.00Code 1026,044.01 – 28,126.00
 
 
Annual taxable incomeRate0 – 38,9549.10%38,954 – 77,90812.10%77,908 – 126,66212.40%126,662 and over14.30%
 
 
 
 
 
Newfoundland and Labrador Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –   8,451.00Code 28,451.01 – 10,276.00Code 310,276.01 – 12,101.00Code 412,101.01 – 13,926.00Code 513,926.01 – 15,751.00Code 615,751.01 – 17,576.00Code 717,576.01 – 19,401.00Code 819,401.01 – 21,226.00Code 921,226.01 – 23,051.00Code 1023,051.01 – 24,876.00
 
 
Annual taxable incomeRate0 – 33,7487.70%33,748 – 67,49612.50%67,496 and over13.30%
Northwest Territories Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 13,546.00Code 213,546.01 – 15,875.00Code 315,875.01 – 18,204.00Code 418,204.01 – 20,533.00Code 520,533.01 – 22,862.00Code 622,862.01 – 25,191.00Code 725,191.01 – 27,520.00Code 827,520.01 – 29,849.00Code 929,849.01 – 32,178.00Code 1032,178.01 – 34,507.00
 
 
Annual taxable incomeRate0 – 39,4535.90%39,453 – 78,9088.60%78,908 – 128,28612.20%128,286 and over14.05%
 
 
 
Nova Scotia Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –   8,481.00Code 28,481.01 – 10,081.00Code 310,081.01 – 11,681.00Code 411,681.01 – 13,281.00Code 513,281.01 – 14,881.00Code 614,881.01 – 16,481.00Code 716,481.01 – 18,081.00Code 818,081.01 – 19,681.00Code 919,681.01 – 21,281.00Code 1021,281.01 – 22,881.00
 
 
Annual taxable incomeRate0 – 29,5908.79%29,590 – 59,18014.95%59,180 – 93,00016.67%93,000 – 150,00017.50%150,000 and over21.00%
 
 
 
 
Nunavut Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 12,455.00Code 212,455.01 – 14,821.00Code 314,821.01 – 17,187.00Code 417,187.01 – 19,553.00Code 519,553.01 – 21,919.00Code 621,919.01 – 24,285.00Code 724,285.01 – 26,651.00Code 826,651.01 – 29,017.00Code 929,017.01 – 31,383.00Code 1031,383.01 – 33,749.00
 
 
Annual taxable incomeRate0 – 41,5354.00%41,535 – 83,0717.00%83,071 – 135,0549.00%135,054 and over11.50%
 
 
 
 
 
Ontario Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –   9,574.00Code 29,574.01 – 11,637.00Code 311,637.01 – 13,700.00Code 413,700.01 – 15,763.00Code 515,763.01 – 17,826.00Code 617,826.01 – 19,889.00Code 719,889.01 – 21,952.00Code 821,952.01 – 24,015.00Code 924,015.01 – 26,078.00Code 1026,078.01 – 28,141.00
 
 
Annual taxable incomeRate0 – 39,7235.05%39,723 – 79,4489.15%79,448 – 509,00011.16%509,000 and over13.16%
 
 
 
 
 
 
Prince Edward Island Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum –   7,708.00Code 27,708.01 –   9,308.00Code 39,308.01 – 10,908.00Code 410,908.01 – 12,508.00Code 512,508.01 – 14,108.00Code 614,108.01 – 15,708.00Code 715,708.01 – 17,308.00Code 817,308.01 – 18,908.00Code 918,908.01 – 20,508.00Code 1020,508.01 – 22,108.00
 
 
Annual taxable incomeRate0 – 31,9849.80%31,984 – 63,96913.80%63,969 and over16.70%
 
 
 
 
 
Quebec Deduction Codes - 2013CodeAmount ($)NilA1 – 11,195B11,195 – 13,000C13,001 – 15,000D15,001 – 18,000E18,001 – 19,000F19,001 – 20,000G20,001 – 21,000H21,001 – 23,000I23,001 – 25,500J25,501 – 28,000K28,001 – 29,500L29,501 – 31,000M31,001 – 32,000N32,001 – 34,000N-column Z34,001 or overXExemption
 
 
Annual taxable incomeRate0 – 41,09516.00%41,095 – 82,19020.00%82,190 – 100,00024.00%100,000 and over25.75%
 
 
 
 
 
Saskatchewan Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 15,241.00Code 215,241.01 – 17,202.00Code 317,202.01 – 19,163.00Code 419,163.01 – 21,124.00Code 521,124.01 – 23,085.00Code 623,085.01 – 25,046.00Code 725,046.01 – 27,007.00Code 827,007.01 – 28,968.00Code 928,968.01 – 30,929.00Code 1030,929.01 – 32,980.00
 
 
Annual taxable incomeRate0 – 42,90611.00%42,906 – 122,58913.00%122,589 and over15.00%
Yukon Claim Codes - 2013Claim codeTotal claim amount ($)Code 0No claim amountCode 1Minimum – 11,038.00Code 211,038.01 – 13,147.00Code 313,147.01 – 15,256.00Code 415,256.01 – 17,365.00Code 517,365.01 – 19,474.00Code 619,474.01 – 21,583.00Code 721,583.01 – 23,692.00Code 823,692.01 – 25,801.00Code 925,801.01 – 27,910.00Code 1027,910.01 – 30,019.00
 
 
Annual taxable incomeRate0 – 43,5617.04%43,561 – 87,1239.68%87,123 – 135,05411.44%135,054 and over12.76%
 
 
 
 
Income Tax Credits/Amounts7 – 2013JURISDICTIONBASICSPOUSAL/ EQUIV.AGEPENSIONTUITION
F/T & P/T
DISABILITYCAREGIVER/
 
 
INFIRM DEP.
 
 
 
FEDERAL1$11,038.00$11,038.00$6,854.00$2,000.00$465/ $140/MTH$7,697.00$4,490.00/ $6,530ALBERTA$17,593.00$17,593.00$4,903.00$1,355.00$684/ $205/MTH$13,571.00$10,185/ $10,184B.C.2$10,276.00$8,860.00$4,421.00$1,000.00$200/ $60/MTH$7,394.00$4,314.00MANITOBA$8,884.00$8,884.00$3,728.00$1,000.00$400/ $120/MTH$6,180.00$3,605.00N.W.T.$13,546.00$13,546.00$6,626.00$1,000.00$400/ $120/MTH$10,985.00$4,490.00NEW BRUNSWICK$9,388.00$7,971.00$4,584.00$1,000.00$400/ $120/MTH$7,600.00$4,434.00NFLD. & LAB.$8,451.00$6,906.00$5,395.00$1,000.00$200/ $60/MTH$5,703.00$2,684.00/ $2,683.00NOVA SCOTIA$8,481.00$8,481.00$4,141.00$1,173.00$200/ $60/MTH$7,341.00$4,898.00/ $2,798.00NUNAVUT$12,455.00$12,455.00$9,341.00$2,000.00$465/ $140/MTH5$12,455.00$4,490.00ONTARIO4$9,574.00$8,129.00$4,674.00$1,324.00$515/ $154/MTH$7,735.00$4,513.00P.E.I.$7,708.00$6,546.00$3,764.00$1,000.00$400/ $120/MTH$6,890.00$2,446.00QUEBEC$11,195.00$11,195.00$2,410.00$2,140.00666SASKATCHEWAN3$15,241.00$15,241.00$4,643.00$1,000.00$400/ $120/MTH$8,979.00$8,979.00YUKON1$11,038.00$11,038.00$6,854.00$2,000.00$465/ $140/MTH5$7,697.00$6,530.00 
 
 

Vacationable Earnings
 
 
 
Vacationable earnings vary by province and territory but typically include regular earnings, overtime and shift premium pay, public holiday pay as well as bonuses and commissions related to hours of work, production or efficiency.
 
 
 
 
 
 
The table below was created in consultation with Labour/Employment Standards offices and provides an overview of earnings typically included or excluded from vacation pay calculations in each jurisdiction.
Individual circumstances can determine whether an earning is vacationable, so please obtain confirmation as required.
Y = included
– = not included or not applicable
 
 
 
Vacationable Earnings -
 
 
 
2012 EarningsFEABBCMBNBNLNTNSNUONPEQCSKYT Allowances-------------- Benefits (Taxable) - Board & LodgingY--Y---Y-YY-Y- - Employer Provided/Leased Auto-------------- - Life Insurance-------------- - Company Loans-------------- - Medical Coverage (Provincial)-------------- Bonuses (Paid in Cash) - Work RelatedYYYYYYYYYYYYYY Call-In Pay/Call-Back PayYYYYYYYYYYYYYY Commissions (Earned at Employer Premises)YYYYYYYYYYYYYY Commissions (Earned Away from Employer Premises)Y-YYYYY-Y-YYYY Commissions (Route Salesman)YYYYYYYYYYYYYY Directors' Fees----Y------Y-- Gifts (Cash/Kind)-------------- Gratuities/Tips-----------Y-- Overtime PayY-Y-YYYYYYYYYY Profit SharingY----------Y-- Salary/Earnings/Retroactive PayYYYYYYYYYYYYYY Severance Pay--Y----------Y Shift PremiumYYYYYY-YYYYYYY Sick PayY-YY---YYYYY-Y Standby PayY------YY-YY-Y Statutory/General HolidaysY-YY-YYYYYYYYY Vacation Pay (Previously Paid)YYY--Y-----YY- Wages in Lieu of Notice; Compensatory indemnity--Y-Y-YYYYYY-Y 
 
 
 
 
Workers' Compensation 
 
 
 
 
 
 
Each province and territory administers the workers' compensation system within its jurisdiction. This no-fault insurance system is funded by employer-paid premiums.
It ensures that employers share collective liability for work related injuries and illnesses, and injured workers receive a full range of benefits such as wage replacement, healthcare treatments and rehabilitation services.
Employers report assessable wages to the WCB, which are then used to determine premiums. There is no minimum assessable earnings level for workers but the amount employers report per worker is subject to a maximum assessable earnings level. There is no assessment charged on the portion of a worker’s earnings that exceeds that maximum.
Workers’ Compensation Maximum Assessable Earnings - 2013Province/TerritoryMaximum Assessable AmountsFiling Deadlines 20122013 Alberta$86,700$90,200February 28British Columbia$73,700$75,700February 28
March 1-15*Manitoba$104,000$111,000February 28New Brunswick$58,100$59,500February 28Newfoundland and Labrador$52,885$54,155February 28Northwest Territories/Nunavut$82,720$84,200February 28Nova Scotia$53,900$54,400March 31Ontario$81,700$83,200March 31Prince Edward Island$49,300$50,000February 28Quebec$66,000$67,500March 15Saskatchewan$55,000$55,000February 28Yukon$80,024TBDFebruary 28
*  Staggered deadlines apply. E/R’s paying annually must report according to last 2 digits in account number and corresponding dates.
Workers Compensation Assessable Earnings - 2013For a list of the earnings that are taken into consideration when determining the amount an employer is assessed on (by jurisdiction), please refer to the Association of Workers’ Compensation Boards of Canada website.
 

0 Comments to PAYROLL ,CPP, EI , VACATION , WSIB :

Comments RSS

Add a Comment

Your Name:
Email Address: (Required)
Website:
Comment:
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment