Every year, all employers registered with Workers' Compensation Board of Saskatchewan (WCB) must complete an Annual Payroll Estimate by the last day in February.
The form will be sent to you at the beginning of January. Your Employer Payroll Statement (EPS) must be submitted even if you have closed or sold your business, do not have workers, or do not want coverage.
- 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.
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.
There are four options to file your EPS, including:
- Fast File EPS – You can send your EPS online without any special registration. Anyone who has the Access Code and Firm Number on the form WCB sent you can use this service.
- Online Services Account – Employers who have set up an online account can send their EPS through this service.
- Mail or fax to the Saskatchewan WCB office; or
- Deliver in person to the WCB office in Regina or Saskatoon.
Mark your calendar to periodically review your payroll throughout the year. 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.
CFIB’s Business Resources team is also available to assist you.