Bill C-45 introduces new rules for pay, benefits

Vacation pay deadlines outlined, EI board abolished, overseas employment tax erased, some insurance a taxable benefit
By Zachary Pedersen
|Canadian Payroll Reporter|Last Updated: 01/16/2013

While the federal Jobs and Growth Act, 2012, better known as Bill C-45, continues to make headlines for legislative changes regarding native policies, the environment and the economy, the act also introduces new rules employers must adhere to.

After receiving royal assent on Dec. 14, 2012, employers should be aware of changes to the Income Tax Act, the Canada Labour Code, the Public Service Superannuation Act and the overseas employment tax credit, according to Janet Spence, manager of compliance programs and services at the Toronto-based Canadian Payroll Association (CPA).

Income Tax Act