Canadian Payroll Reporter

January 2017

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 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: e X p o s e/Shutterstock 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

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