1.Workers' compensation non-compliance penalties are assessed for:
early filing of annual statements
overestimating assessable earnings
early remittances
underestimating assessable earnings
2.Which of the following employers in Ontario would not be eligible for the $490,000.00 Employer Health Tax exemption?
Crown corporations subject to tax under Part I of the Income Tax Act
Registered charity
School board
Private sector employer with an annual Ontario payroll of $5 million or less
1.
Workers' compensation penalties for the non- compliance are
evaluated for underestimating the assessable earnings. As employers
required to report the wages of every worker up to the maximum
assessable earnings for every year or period.
And the employer should make sure that the estimate is always current as the employers would be charged a penalty of that if it is underestimated.
Therefore, the correct option is D.
2.
The first $490,000 of the payroll is exempt or spared from the Employer Health Tax (EHT) who are:
1.Charities which are registered
2.In the private sector with the annual Ontario payroll amounts to $5 or less than that
3.Crown corporations those are subject to tax under the part 1of the Act of Income Tax.
Therefore, school board is not eligible for EHT. Hence, the correct answer is C.
1.Workers' compensation non-compliance penalties are assessed for: early filing of annual statements overestimating assessable earnings early...
Each jurisdiction outlines late filing penalties for the annual statement of payroll for workers’ compensation. Your organization operates in Saskatchewan. You filed your annual Employer Payroll Statement on March 30th of the current year (see Current Year calendar in the course material). The total assessable earnings for the previous year were $925,188.15. The assessment rate per $100 for your organization is $1.41. During the first week of March, two of your employees were injured at work. Calculate the late filing...