Payroll Reporter
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www.payroll-reporter.com
January 2017
News in Brief pg. 4
WSIB board approves new framework |
Ontario panel addresses gender wage
gap | U.S. judge rules against new
overtime rules
Ask an expert pg. 5
Prepare your payroll calendar
with a list of statutory
holidays by jurisdiction
Measuring up pg. 3
The start of a new year is a great
time to ensure your organization's
pay statements comply with
labour standards rules
Another busy year ahead for payroll
Several legislative initiatives
could aff ect the industry
BY SHEILA BRAWN
PAYROLL PROFESSIONALS have to know more
than just the mechanics of processing payroll. To
help their employer comply with federal and pro-
vincial/territorial rules related to employment,
payroll professionals must keep up to date on leg-
islative and regulatory changes.
While governments announce and implement
some changes very quickly, they can take months
or even years to enact others. For busy payroll pro-
fessionals, it can be challenging to keep track of
all of the legislative developments, especially for
those who operate in more than one jurisdiction.
To help make it a little easier, here is a look at the
status of some payroll-related legislative propos-
als/developments across Canada:
Federal:
Legislation to enhance the Canada Pension
Plan (CPP) continues to make its way through
see ROUNDUP page 7
PM
#40065782
Legislative Roundup
Changes in payroll laws and regulations
from across Canada
see WATCH FOR on page 2
Credit:
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What's new for 2017?
Breaking down Canada's new payroll laws
BY SHEILA BRAWN
JANUARY IS among the busi-
est months for payroll. Besides
preparing for year-end report-
ing, payroll professionals have
to make sure that they have in-
corporated new Jan. 1 rates and
rules into their payroll systems.
Whether payroll is in-house or
outsourced, employers are ulti-
mately responsible for comply-
ing with payroll-related laws.
To help payroll departments
stay on top of changes, here is an
overview of important payroll-
related rates and rules for 2017:
Federal updates
CPP:
• Maximum pensionable earn-
ings: $55,300
• Employer and employee con-
tribution rate: 4.95 per cent
• Annual basic exemption:
$3,500
• Maximum annual employer
and employee contribution:
$2,564.10
Manitoba
Government tables PRPP bill
The Manitoba government has tabled legislation that would al-
low for the creation of pooled registered pension plans (PRPPs)
in the province.
Finance Minister Cameron Friesen tabled Bill 3, The Pooled Reg-
istered Pension Plans (Manitoba) Act, in the province's legislative
assembly on Nov. 23 last year.
PRPPs are defined contribution-style pension plans that are ad-
ministered by a third party (such as a financial institution) rather
than an employer. The plans are designed to provide a way of sav-
ing for retirement for individuals whose employer does not have its
own registered pension plan or for those who are self-employed.
The new year is expected to bring changes to labour standards, workers' comp and more.
see WORKERS' COMP page 6
