Canadian Payroll Reporter - sample

August 2016

Focuses on issues of importance to payroll professionals across Canada. It contains news, case studies, profiles and tracks payroll-related legislation to help employers comply with all the rules and regulations governing their organizations.

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Payroll Reporter Can R Can R adian adian a www.payroll-reporter.com August 2016 see ALBERTA page 7 PM #40065782 Legislative Roundup Changes in payroll laws and regulations from across Canada News in Brief pg. 4 Unions seek court action over federal payroll system|WorkSafeBC studying payroll policy changes|Service Canada discontinues some ROE Web formats Ask an expert pg. 5 Paying a retiring allowance when benefi ts continue after retirement|Retiring allowances versus retention bonuses Federal Feds and some provinces reach PRPP agreement The federal government and four provinces have entered into a multi-lateral agreement for licensing and setting up pooled reg- istered pension plans (PRPPs) and voluntary retirement savings plans (VRSPs). The agreement among the governments of Canada, British Co- lumbia, Nova Scotia, Quebec and Saskatchewan will simplify the licensing and registration process, says Saskatchewan Justice Min- ister and Attorney General Gordon Wyant. He added that the agreement will "pave the way for employers to see ONTARIO on page 6 Credit: REUTERS/Chris Helgren CONTEMPLATING TIPS pg. 3 While most Canadian jurisdictions do not have rules covering employee tips in their labour standards laws, a growing number are adding them CPP proposals put national pension plan on new path Agreement includes rate hikes, new upper earnings limit and diff erent tax treatment for some contributions BY SHEILA BRAWN BIG CHANGES are coming to the Canada Pension Plan (CPP) between 2019 and 2025 that will affect not only employers and em- ployees, but also payroll departments, pay- roll service providers and payroll software developers. In late June, Federal Finance Minis- ter Bill Morneau signed an agreement in principle with the finance ministers of eight provinces to enhance the 50-year- old plan. Manitoba, which did not sign the agreement originally, has since joined it. see COMPLEXITY page 2 Changes coming for workers' compensation BY SHEILA BRAWN PAYROLL PROFESSIONALS in a number of provinces across Can- ada may see workers' compensation changes over the next few years. Governments and workers' compensation bodies in Alberta, Manitoba, Ontario and New Brunswick are currently considering changes or implementing them. In Manitoba, the Workers Compensation Board (WCB) is phasing in a new model for setting employer premium rates between 2016 and 2020. While the new model will not affect the way employers report Mark Wiseman, CEO of the Canada Pension Plan Investment Board (CPPIB), takes part in a discussion at the Canadian Coalition for Good Governance annual public meeting in Toronto on June 14.

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