Global

Details

  • Service: Tax, International Corporate Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 2/20/2013

Canada - Workplace safety requirements for construction in Ontario 

February 20: Canada’s Workplace Safety and Insurance Board (WSIB) announced that as of 1 January 2013, new rules apply to companies and individuals doing construction in Ontario.

While the new rules will affect many contractors’ costs, they also intend that companies and individuals doing construction in Ontario have WSIB coverage.


The new rules require almost everyone from the business owner and office staff to the manual labourer to be registered with the WSIB and pay premiums based on the work they perform and each person’s annual earnings.


The WSIB maximum insurable earnings ceiling for 2013 is $83,200.* In most cases, dividends received by shareholder/employees in the business are included in the computation of insurable earnings.


Read a February 2013 report prepared by the KPMG member firm in Canada: New WSIB Rules for Ontario Construction Industry — What You Need to Know


*$=Canadian dollar




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