Budgets bring changes for payroll

From tax changes to pension plan announcements,budgets tabled in British Columbia, New Brunswick and Ontario will affect payroll
By Sheila Brawn
|Canadian Payroll Reporter|Last Updated: 04/04/2016

Payroll departments may have to implement tax and legislative changes this year and next because of recent budgets. Here is a look at payroll-related announcements from three provinces this year: 

British Columbia

The budget, released on Feb. 16, did not propose changes to personal income tax rates or brackets. However, Finance Minister Michael de Jong did propose changes to the tax reduction credit, which is included in income tax deduction calculations.