Note: This guide is only for Canadian customers. If you are a US customer looking to create a Workers' Compensation payroll category, please go to this article instead.
Description
You have one (1) or multiple WCBs or WSIBs and want to create a payroll category for each of them.
Pre-Requisites
- You've double-checked the maximums for your province/territory by going into Admin Settings > Payroll Preferences > User-Defined Fields tab > WCB Maximum Assessable Earnings.
You know what your WCB rate is.
Solution
- Navigate to Payroll Setup > Payroll Categories.
- Click "+ New".
- Select "Tax".
- At the top of the setup page, change the 'Federal' dropdown field to 'Provincial' and select your province in the second dropdown field that appears.
- For "Basis", select 'Percentage'.
- For "Paid by", select 'Employer'.
- Type in a "Code" that is unique. By default, all tax payroll categories begin with "3", so we recommend following this structure, such as "305".
- Type in "WCB" in "Name".
- Identify what the percentage is in the "Percentage" field.
- Toggle on "Maximum" and select 'WCB' in the dropdown field.
- On the right side, check off all the payroll categories that contribute to WCB. Your final setup should look something like this:
1 Comment
Paymate Support (Second Level)
WSIB / WCB is based on the Employee YTD gross
Example: link to ON WSIB information. : https://www.wsib.ca/en/businesses/premiums-and-payment/how-calculate-your-premium-and-insurable-earnings#:~:text=Annual%20maximum,-The%20WSIB%20sets&text=For%202023%2C%20the%20annual%20insurable%20earnings%20maximum%20is%20%24110%2C000.