HR Vendors Guide

26 HR PROFESSIONAL DEVELOPMENT — HR DESIGNATIONS WorldatWork www.worldatwork.org Certified Compensation Professional (CCP) – Canada: Known throughout the global rewards community as a mark of expertise and excellence in all areas of compensation. The designation demonstrates holders have knowledge and skills in the design and administration of base and variable pay programs and in the compliance with legal and regulatory requirements. The CCP program requires a passing score on eight exams. Advanced Certified Compensation Professional (ACCP): Demonstrates holders understand the core business and communication principles that affect business results. Master Certified Compensation Professional (MCCP): Demonstrates holders have attained a level of expertise as compensation professionals that enables them to contribute to an organization's success. Certified Sales Compensation Professional (CSCP): A designation that enables individuals responsible for sales compensation to establish their credentials. The CSCP is a specialty designation that is achieved by passing one comprehensive exam based on the sales compensation body of knowledge. Program based on U.S. regulation. Certified Benefits Professional (CBP): The designation signifies that holders have the essential U.S.-specific knowledge about integrating benefits programs with business strategy, designing and administering benefits plans, complying with legal and regulatory requirements, outsourcing and working with benefits service partners and communicating benefits information. The CBP program requires a passing score on seven exams. Global Remuneration Professional (GRP): International designation earned by passing 10 exams, the same in all countries in which courses are undertaken. The designation demonstrates that holders have the knowledge, skills and training to design, manage and deliver global rewards programs that align with an organization's goals and attract, motivate and retain top talent. Work-Life Certified Professional (WLCP): The designation signifies professional knowledge and credibility in work-life effectiveness and demonstrates that holders have the knowledge and critical skills to design, administer and manage work-life programs to improve an organization's bottom line and the lives of employees. The WLCP certification is achieved by earning a passing score on four exams. Certified Executive Compensation Professional (CECP): This designation is intended for professionals involved in multiple aspects of executive compensation. As expertise in executive compensation comes from a broad variety of experience and education, it is recommended that candidates have three or more years of experience. Based on U.S. regulation. 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

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