Canadian HR Reporter is the national journal of human resource management. It features the latest workplace news, HR best practices, employment law commentary and tools and tips for employers to get the most out of their workforce.
Issue link: https://digital.hrreporter.com/i/617115
111 Vendors Vendors Vendors Vendors PENSIONS Great-West Life 255 Dufferin Ave� London, ON N6A 4K1 (519) 435-7038 Fax: (519) 435-7800 Email: jeff�aarssen@gwl�ca Contact: Jeff Aarssen Provider of group retirement and savings plan services for the defined contribution plan market� Plans include group RSPs, VRSPs and PRPPs (where available), money purchase pension plans, profit-sharing plans, TFSAs and savings plans� Wide range of investments, member education program (including third-party financial planning), Member Investment Selection Service and CAP guidelines tools and assistance� Hart Actuarial Consulting Ltd. 2851 Rainbow Cres� Mississauga, ON L5L 2H7 (905) 820-4810 Fax: (905) 820-5520 JLT Canada / Easyflex 880 Lady Ellen Pl�, Suite 100 Ottawa, ON K1Z 5L9 (613) 728-7030 Fax: (613) 728-6005 Mercer 161 Bay St�, P�O� Box 501 Toronto, ON M5J 2S5 (416) 868-2000 Fax: (416) 868-7671 Morneau Shepell 895 Don Mills Rd�, Suite 700 Toronto, ON M3C 1W3 (800) 461-9722 Fax: (416) 961-4339 PBI Actuarial Consultants Ltd. 505 Burrard St�, Suite 1070, Box 42 One Bentall Centre Vancouver, BC V7X 1M5 (604) 687-8056 PENAD Pension Services Limited 194 Weber St� E� Kitchener, ON N2H 1E4 (519) 743-9000 Fax: (519) 743-8346 Seamark Asset Management Ltd. 1801 Hollis St�, Suite 310 Halifax, NS B3J 3N4 (902) 423-9367 Fax: (902) 423-5106 Sun Life Financial - Group Retirement Services 225 King St� W� Toronto, ON M5V 3C5 (416) 408-7669 Fax: (416) 595-3693 Email: derrick�march@sunlife�com Website: www�sunlife�ca Contact: Derrick March Established: 1871 Canadian offices: ON: Waterloo (head office), Ottawa; QC: Montreal; AB: Edmonton, Calgary; BC: Vancouver; NS: Halifax U.S. offices: MA: Wellesley Hills Overseas offices: Bermuda, China, Hong Kong, India, Indonesia, Ireland, Malaysia, Philippines, United Kingdom, Vietnam Sun Life Financial provides: Products – Defined contribution pension plan (DCPP), group registered retirement savings plan (RRSP), deferred profit sharing plan (DPSP), savings plan, tax-free savings account, non-registered plan, stock plan and tailored solu- tions for DB plan risk management, DB investment-only plan (INVO)� Services – Group retirement income solutions, integrated group retirement services and group benefits access, invest- ment solutions, my money for life (guaranteed minimum withdrawal benefit), group choices plan for transitioning plan members, retirement income products, financial plan- ning services, in-plan investment advice service, call centre and automated telephone systems, plan member, sponsor and advisor services websites, online member education and financial planning tools, on-site enrolment and educa- tion services, custom education, communication and design services, pensioner payroll services� T.E. Wealth - T.E. Financial Consultants Ltd. 26 Wellington St� E�, Suite 710 Toronto, ON M5E 1S2 (416) 366-1451 Fax: (416) 368-9801 Western Compensation & Benefits Consultants 1188 W� Georgia St�, Suite 2000 Vancouver, BC V6E 4A2 (604) 683-9155 Fax: (604) 687-2315 Call toll free 1-800-387-5164, in Toronto 416-609-38006 Online at www.payroll-reporter.com/subscribe Email carswell.customerrelations@thomsonreuters.com Access a sample issue now at: bitly.com/CPR-FreePreview Start your subscription and receive: Payroll Reporter R adian a www.payroll-reporter.com June 2015 see LEGISLATIVE ROUNDUP on page 7 PM #40065782 Legislative Roundup Changes in payroll laws and regulations from across Canada News in Brief pg. 4 ROE Web formats discontinued | CRA to send PD7A form to employers on quarterly basis | Ontario sets up committee to study gender wage gap | Unemployment rate in April Ask an expert pg. 5 When does vacation pay have to be paid?|Records relating to vacation pay | Paying employees on jury duty Credit: Chris Wattie (Reuters) How well do you know your SIN responsibilities? pg. 3 Test yourself with our series of true and false statements see FOCUS page 2 Budgets propose mix of changes No immediate source deductions changes announced in federal budget, but payroll departments in Newfoundland and Labrador have to prepare for new tax rates BY SHEILA BRAWN FOR PAYROLL, this year's federal budget could be summed up by saying, "No changes to CPP contributions, EI premiums or feder- al income tax deductions this year." But that would not tell the full story. Although this year's budget, which Finance Minister Joe Oliver tabled on Apr. 21, did not contain any adjustments to source deduc- tion rates for 2015, it did include a number of payroll-related proposals. Beginning next year, the budget proposes to change the rules for source deduction re- mittances for new employers so they can send in remittances quarterly instead of monthly. To qualify, new employers must have month- ly withholdings of less than $1,000 and maintain a perfect compliance record with the Canada Revenue Agency (CRA). Remit- tances would be due on Apr. 15, Jul. 15, Oct. 15 and Jan. 15 of the following year. Currently, new employers have to send in remittances monthly for at least one year. Getting ready to act on changes From pensions to garnishments to labour standards, governments are looking at changes that could aff ect payroll BY SHEILA BRAWN FOR BUSY PAYROLL PROFESSIONALS, it can be challenging to stay up to date on current legislative developments. To help make it a little easier, here is an update on the status of some payroll-related legislative proposals from across Canada: Federal: Parliament is examining a private member's bill that would make Remembrance Day a statutory holiday across Canada. NDP MP Dan Harris tabled Bill C-597, An Act to amend the Holidays Act (Remembrance Day), last fall. Private members' bills rarely pass first see SEVERAL on page 6 Federal Feds table budget legislation The federal government has tabled legislation that would imple- ment payroll-related measures proposed in this year's budget. In early May, Finance Minister Joe Oliver presented Bill C-59, Economic Action Plan 2015 Act, No. 1, for first reading in the House of Commons. It would amend regulations under the Income Tax Act to create a quarterly remitter category for new employers whose average monthly withholding amount is less than $1,000 if they have a perfect compliance record with the Canada Revenue Agency over the previous 12 months. It would also amend the Income Tax Act to increase the annual Finance Minister Joe Oliver tabled this year's federal budget on April 21. While it does not include any adjustments to source deduction rates, it did include several payroll-related proposals. Subscribe today! $179 per year! Order No.20260 • 12 issues of Canadian Payroll Reporter • Full access to www.payroll-reporter.com (including a searchable archive of articles) • Email alerts to keep subscribers up-to-date on breaking news and notifications if new issues