Every year, all employers registered with Yukon Workers’ Compensation Health and Safety Board (YWCHSB) must complete an Employers Payroll Report by February 28. You are to report both your insurable earnings for the past year and an estimate of what you expect to pay in the current year.
In December YWCHSB mails all employers a copy of their Employer Payroll Return. If you did not receive this document, or you misplaced it, request a copy by calling (867) 667-5645 or 1-800-661-0443, or sending an email to [email protected].
YWCHSB will multiply your payroll estimate by your firm’s premium rate to determine your premium.
Information needed to complete your Employer Payroll Return includes:
- 2021 financial records, T-4 and/or T-4A summaries
- Records of amounts paid for regular, contract or casual labour in 2021
- Other records you need to estimate your 2022 payroll
- YWCHSB Account Number
- Date your workers were (or will be) hired
Employers who submit after the deadline may be subject to a late filing penalty and interest charge.
Mark your calendar to periodically review your payroll throughout the year. Employers must revise their estimate when it no longer reflects the amount they expect to pay to workers for the year. Whether adjusting for an increase or a decrease in payroll compared to the estimated amount, notifying YWCHSB allows for an adjustment to your account to appropriately reflect your coverage.
For more information, contact YWCHSB at (867) 667-5645 or 1-800-661-0443, or [email protected].