As you may be aware, we have been actively fighting the Employer Health Tax since January 2018 and are continuing to shine alight on this bad tax policy.
Despite our efforts legislation passed this fall and the EHT is coming. So what does that mean for your business as of January 2019?
How the new tax works
- Businesses with more than $1.5 million in payroll will be levied at a 1.95% tax
- Business with payrolls between $500,000 and $1.5 million will pay reduced rates (2.925% x (Payroll - $500,000)
- Businesses with less than $500,000 in payroll will be exempted from paying the tax
Use the employer health tax calculator to help you estimate the tax.
3 things you need to know
Further Questions? Contact the B.C. government at 1-877-388-4440 (option 1) to ensure your enrollment goes smoothly.
You can also contact CFIB’s Business Resources Department at 1-888-234-2232