Payroll Reporter
Can
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Can
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adian adian a
www.payrollreporter.com
January 2015
New year means change for payroll
Plenty of changes to implement and watch for in 2015
BY SHEILA BRAWN
it is a new year. For payroll,
that means implementing rate
changes while also preparing for
year-end reporting. To help pay-
roll departments stay up to date,
here is a quick look at what is new
or upcoming for 2015.
Federal updates
Remittance thresholds:
Some employers will not have to
send in source deduction remit-
tances to the Canada Revenue
Agency (CRA) as frequently
as they used to. As of Jan. 1, the
federal government increased
the threshold amounts that ap-
ply for determining how often
an employer must remit source
deductions and employer contri-
butions:
The threshold for the category
that includes new employers and
regular remitters now applies
to employers with an average
monthly withholding amount
(AMWA) of less than $25,000.
Previously, the threshold was
$15,000. Remittances for Canada
Pension Plan (CPP) contribu-
tions, Employment Insurance
(EI) premiums and income tax
deductions taken in a month are
due by the fifteenth day of the fol-
lowing month.
The category of threshold 1 ac-
celerated remitters now applies
to employers with an AMWA
of $25,000 to $99,999.99. Previ-
ously, the threshold was $15,000
to $49,999.99. Threshold 1 re-
mitters send in source deduction
remittances twice a month.
The category of threshold 2 ac-
celerated remitters now applies
to employers with an AMWA
of $100,000 or more. Previously,
New Brunswick
Bill proposes changing method
for setting minimum wage
The provincial government has introduced legislation that would
eliminate the province's Minimum Wage Board and establish a new
method for determining minimum wage rates.
Post-Secondary Education, Training and Labour Minister Fran-
cine Landry tabled Bill 3, An Act to Amend the Employment Stan-
dards Act, in the Legislative Assembly on Dec. 4. At press time, the
legislature had not yet passed the bill.
see lEgislATivE RouNdup on page 7
PM
#40065782
Legislative Roundup
Changes in payroll laws and regulations
from across Canada
News In Brief pg. 4
Quebec proposes HSF rate changes;
Little change in weekly earnings in
September; Quebec to reduce
Fondaction tax credit
Ask an expert pg. 5
Calculating the taxable
benefi t on a home
purchase loan
Legislated paid sick
days gain traction
in United States
Laws for paid sick days more
common in U.S. than Canada
BY SHEILA BRAWN
in the miDst of cold and flu
season, some employees have to
choose between going to work
sick or staying home and not be-
ing paid.
For a growing number of
workers in the United States,
though, 2015 promises to be a
year of change.
Beginning in July, new laws
in California and Massachu-
setts will require employers
to provide employees with a
minimum number of paid sick
N.S. report recommends
major tax changes pg. 3
Payroll professionals may be dealing
with income tax changes if the
government accepts recommendations
see pAid on page 6
see TAX on page 2
Credit:
Artit
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