Legislative RoundupChanges in payroll laws and regualtins from across Canada05/01/2015|Canadian Payroll Reporter|Last Updated: 05/01/2015 FEDERALReminder: Victoria Day is statutory holiday in most jurisdictionsMay 18 is a statutory holiday under labour standards laws in most Canadian jurisdictions, including Alberta, British Columbia, Manitoba, Northwest Territories, Nunavut, Ontario, Quebec, Saskatchewan, Yukon and under the Canada Labour Code for federally regulated employers and employees. In New Brunswick, the day is a holiday under the Days of Rest Act. In most jurisdictions, the holiday is called Victoria Day. In Quebec, it is called National Patriots’ Day. BRITISH COLUMBIALegislation passes to enact tax reduction changesThe British Columbia legislature has passed legislation that would implement measures announced in this year’s provincial budget, including changes to the provincial tax reduction credit. The credit is included in payroll calculations for determining provincial income tax source deductions.Bill 10, the Budget Measures Implementation Act, 2015, passed third reading and received royal assent on Mar. 25. The bill increases the provincial tax reduction credit from $412 to $432. The credit applies to individuals who have a net income below a specified amount. The bill also increases the threshold at which the credit is phased out from $18,327 to $19,000 and raises the phase-out rate from 3.2 per cent of net income to 3.5 per cent. The changes are retroactive to Jan. 1. NORTHWEST TERRITORIESReminder: Minimum wage going up in June To Read the Full Story, Subscribe or Sign In Remember Me Forgot Password If you are a current Subscriber, please click here to set-up or update your login information.