Employers registered in the Workers Compensation Board (WCB) of Manitoba’s quarterly payroll reporting program have to hand in payroll information and payment of assessment within the next month.
The quarterly remittance form is on the last page of the September account statement. Payroll information and payment of assessment for July through the end of September are due at the WCB offices by Oct. 20.
Employers are asked to send in payment with the completed top portion of the quarterly remittance form.
Penalties for not having the information and payment assessment in on time are as follows:
Payments received after the due dates are subject to a late payment penalty (prime lending rate of the Royal Bank of Canada plus five per cent, compounded monthly).
Late filing penalties are applied when the WCB does not receive payroll information and the completed top portion of the Quarterly Remittance form by the due date(s). The penalty is calculated based on the assessment for the quarter. A five per cent penalty applies when the payroll information is received after the due date but within the month it is due.
If payroll information is not received by the last working day of the month it is due, firms will be arbitrarily assessed. An arbitrary assessment is calculated by taking one quarter of the previous year’s total assessable payroll and multiplying the result by 120 per cent. A 10 per cent penalty of the arbitrary assessment will also be applied. Once arbitrarily assessed, employers are still required to provide actual quarterly assessable payroll information.
Maximum assessable earnings per worker (excludes sole proprietors, partners and directors):
• 2010 - $89,000
• 2011 - $96,000
Minimum coverage amount available for purchase:
• 2010 - $20,137
• 2011 - $20,597
Maximum coverage amount available for purchase:
• 2010 - $409,430
• 2011 - $418,780
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