Effective date: December 1, 2018
Approved date: November 19, 2018
Application: Applies to all employers.
Policy subject: Employer payroll and premiums
To outline the WCB’s authority and process to audit an employer’s financial records and operations.
Audit means a formal inspection and verification of an employer’s:
Assessable earnings are workers’ gross earnings before deductions for income tax, Employment Insurance, Canada Pension Plan, and other similar deductions up to the maximum assessable amount for the calendar year being reported.
Industry rate code means a collective liability grouping comprised of employers with a similar industrial undertaking or injury experience. All employers with the same industry rate code have the same industry premium rate.
Conducting an Audit
Audit Results and Adjustments
Sections 20, 21, 127, 128, 132, 133
(1) n/a; this is a new policy.
Print or share this page with others