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Accruing and Using Vacation Time

Health and Wellness, Payroll
As summer is now in full swing, workers will now want to enjoy the warm weather. There are several factors one must plan when they are getting ready for their summer vacations. One of these facets is informing your employer of your upcoming time away from work and discussing how you wish to apply your vacation pay during this period. Employees in Canada receive certain amount of agreed upon paid time off each 12-month period. While this vacation can vary for each worker, it is legislated that every employee is entitled to vacation time off and at minimum two weeks of vacation pay. These two weeks of pay...

Simplified & Strengthened Paid Sick Leave in British Columbia

Payroll
When an employee falls sick they have the comfort of knowing they can take the time to recover their health by utilizing sick days. Some provinces have even gone so far as to mandate a set amount of employer-paid sick days, but issues can arise when it comes to tracking this time off. The government of British Columbia (B.C.) recently faced this problem when they introduced new legislation at the beginning of the year that sought to protect worker’s rights and simplify the administrative load for the employer. Two issues have arisen since employer-paid sick leave was introduced for signing into law. The first is in regard to...

Getting Ready for Tax Time

Payroll, Personal Advice
As we roll into February, many Canadians are starting to think about putting down their snow shovels and picking up their calculators. That’s right, it’s almost tax season! It might not be the most exciting thing in the world, but we can all agree that its an important and necessary part of the year – and a great excuse to stay inside on the colder nights to come!    The deadline to file your 2021 taxes with the Canada Revenue Agency is technically April 30, however you will have until May 2 this year as April 30 falls on a Saturday. If you or your spouse/common-law partner are...

Reasonable Automobile Allowances – What does it really mean?

Payroll
Many companies provide an automobile allowance to their employees if they are required to use their own vehicle for business purposes. Since each company has different requirements from their employees (for example, the amount of driving they need to do for the role), the question that is often asked of a payroll specialist is “how much should I be giving my employee for car allowance?” The Canada Revenue Agency (CRA) has guides as to what they consider “reasonable”. The CRA says that ALL of the following must apply in order for a car allowance to be considered reasonable, and thus a non-taxable allowance: The allowance is based only...

Employer–Paid Benefits to be Subject to New B.C. Health Tax

Payroll
The B.C government will be implementing a new employer health tax (EHT) in January 2019.  This tax notice is being implemented as part of the plan to eliminate Medical Services Plan (MSP) premiums. For over a decade British Columbia has been the only province to maintain MSP fees and the move to the EHT plan is part of an effort by the B.C. government to make life more affordable for its residents.  By moving to an EHT plan, families will save as much as $1,800.00 per year and individuals will save as much as $900.00 per year.  As administration of MSP premiums is costly and inefficient the transition...