Legislative Roundup

Changes in payroll laws and regualtins from across Canada
|Canadian Payroll Reporter|Last Updated: 05/01/2015


Reminder: 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.


Legislation passes to enact tax reduction changes
The 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.


Reminder: Minimum wage going up in June