Small Business Resources | CFIB

WCB of SK Employer Annual Payroll Estimate due February 28 | CFIB

Written by admin | Jan 22, 2024 12:15:00 PM

Every year, all employers registered with Workers' Compensation Board of Saskatchewan (WCB) must complete an Employer's Payroll Estimate (EPS) by February 28. An EPS is used to report your company's actual wages for the previous year and to provide an estimate for the upcoming year so that the WCB can assess your premiums.

Note: EPS must be submitted even if you have closed or sold your business, do not have workers, or do not want WCB coverage. 

What to include on your EPS:

  • Report your actual gross payroll for the previous year. WCB will compare the actual payroll with the estimate your business provided the year before and make any adjustments.
  • Give an estimate of your gross payroll for the current year, up to the maximum assessable wage per worker.
  • List all the contractors you hired during the previous year, including detailed information on contract amounts and the type of work completed.

Watch WCB’s instructional videos about filing the EPS at How-to videos for employers- YouTube.

If you file your EPS after the February 28 deadline, you will be charged a penalty and you will not be eligible for an Experience Rate discount.

WCB has gone paperless. There are two ways to file your EPS online:

Mark your calendar to periodically review your payroll throughout the year (e.g. in May and December) . If your payroll estimate is inaccurate, you can revise your payroll estimate at any time. Updating your payroll data can help avoid penalties from inaccurate reporting.

Need help from WCB's Employer Resource Centre? Call 1-800-667-7590 or send an email to employerservices@wcbsask.com

CFIB’s Business Resources team is also available to assist companies that are members of CFIB. Contact us at 1-833-568-2342 or cfib@cfib.ca.