Question

Canada.Payroll

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 penalty for missing the filing deadline and explain any possible additional costs to the employer related to this oversight.

What process will you put in place for next year to avoid this issue?

Answer 1

The late filling penality for missing the dead line is 5% of the premiem or $5000 whichever is lower

By considering this case the late filling penalty is $925188.15/100*$1.41=13045.1530 so in this situation the applicable penality for late filling is $5000 by considering the above condition

For employees who have injured as per work men compenstation law the injured or ill workers will get the medical care for they injuries and the health care provider must be authorized by workmen compenstation board

To avoid the penality in the next time proper internal controls should be taken that all the statutory payments should be made at regular intervals of time..