Canadian Payroll Reporter

Payroll Reporter R adian a www.payrollreporter.com May 2014 Changing business environment Changing business environment demands more from payroll demands more from payroll Survey provides insights on how payroll is changing Survey provides insights on how payroll is changing BY SHEILA BRAWN BUSINESSES are demanding more from their payroll staff, but there are rewards for those who rise to the challenge and gain the education and skills needed to succeed. That is one of the findings of a new payroll salary survey from staffing firm Hays Specialist Recruitment Canada. "People with a professional payroll designation are paid $10,000 (a year) more than people without one. What that means, I guess, is that compa- nies are becoming more cogni- zant of the fact that their payroll professionals actually need to be professionals and qualified to do the role rather than tradition- ally, if you step back a number of years, payroll was often a voca- tion that you could fall into do- ing as opposed to thinking about doing it as a career," says Antony McElwee, senior manager with Hays Accounting and Finance in Calgary. Overall, the survey found that people working in payroll in Canada typically earn between $40,000 and $90,000 per year, depending on their years of ex- perience and the nature of their work. Payroll analysts and co- ordinators/administrators gen- erally earn between $40,000 and $60,000, while payroll specialists earn $50,000 to $70,000, with some making over $100,000. Salaries for payroll managers Canada Government tables budget bill Finance Minister Joe Oliver recently tabled legislation that would implement some of the proposals put forward in this year's federal budget, as well as other measures. Bill C-31, the Economic Action Plan 2014 Act, No. 1, would amend the Income Tax Act Regulations to reduce the frequency of source deduction remittances for small and medium-sized employers. In the budget, the government proposed to increase the thresholds for accelerated remitters from $15,000 to $25,000 for threshold 1 and from $50,000 to $100,000 for threshold 2. The Complying with vacation standards pg. 2 Experts look at the range of challenges around vacation pay New look, same New look, same great content great content WELCOME TO THE new Ca- nadian Payroll Reporter. We've given your favourite payroll and compliance newsletter a fresh look, but you'll still get all the great content you've come to ex- pect. In addition to a new typeface, we're also making more use of colour and graphics throughout the issue — all without reducing the overall word count, so you'll get more information than ever before. Plus, don't forget that your subscription to Canadian Payroll Reporter also includes unlimited access to the online archive at www.payroll-reporter .com. It features nearly 1,000 articles from past issues, plus you can also view videos and we- binars. We hope you like the new look. Have feedback? We'd love to hear it. Email us at todd.humber @thomsonreuters.com. see LEARNING on page 8 see more LEGISLATIVE ROUNDUP on page 5 PM #40065782 Legislative Roundup Changes in payroll laws and regulations from across Canada NEWS IN BRIEF pg. 6 Canada gained 43,000 jobs in March; Governments sign Canada Job agreement; Payroll earnings virtually unchanged in January; Nova Scotia budget cancels HST cut; No payroll-related tax changes in N.L., P.E.I, Yukon budgets. ASK AN EXPERT pg. 7 Filing CPT30 with multiple employers and a look at retiring allowances and employment with an affi liate Credit: Dooder/Shutterstock.com

• Cover