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Tuesday, February 27, 2018

2018 Budgets for Certain Provincial and Territorial Governments

The governments of British Columbia (February 20), the Northwest Territories (February 8) and New Brunswick (January 30) recently tabled their budget. Here is the impact that these budgets will have on payroll.

British Columbia (February 20)

The Finance Minister tabled a budget that will have an impact on payroll production.

The government has announced that starting January 1, 2020, the premiums for the Medical Services Plan (MSP) will be eliminated.

The government has also announced that starting January 1, 2019, a new health contribution will be paid by the employer in order to replace the MSP premiums. The contribution rate will be established based on the employer's payroll.

We will advise you via the SMB Portal as soon as the government provides details on the application of these measures.

Read about the budget.

Northwest Territories (February 8)

The Finance Minister tabled a budget that will have no impact on payroll production.

Read about the budget.

Northwest Territories (February 8)

The Finance Minister tabled a budget that will have no impact on payroll production.

Read about the budget.