Document name
Maximum Assessable Wage Rate
Document number
POL 10/2022
Document name
Maximum Assessable Wage Rate
Document number
POL 10/2022
Effective date: January 1, 2023
Application: Applies to all employers.
Policy subject: Employer payroll and premiums
Purpose:
To establish the maximum assessable wage rate for 2022.
BACKGROUND
Policy section content
Section detail
Section 137(2) of The Workers’ Compensation Act, 2013 directs the Workers’ Compensation Board to set a maximum assessable wage rate for each year.
POLICY
Policy section content
Section detail
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Effective January 1, 2023, the board members have determined that the maximum assessable wage rate will be $96,945 per worker per calendar year.
- In subsequent years, the maximum assessable wage rate will be adjusted in accordance with the maximum wage rate.
Policy references
Policy reference content
Section heading
Legislative Authority
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Legislative Authority
Section detail
The Workers’ Compensation Act, 2013
Sections 37, 137(2), 182
Section heading
Document History
Section heading
Document History
Section detail
- POL 15/2021, Maximum Assessable Wage Rate – 2022 (effective January 1, 2022 to December 31, 2022).
- POL 08/2020, Maximum Assessable Wage Rate – 2021 (effective January 1, 2021 to December 31, 2021)
- POL 10/2019, Maximum Assessable Wage Rate – 2020 (effective January 1, 2020 to December 31, 2020).
- POL 05/2018, Maximum Assessable Wage Rate – 2019 (effective January 1, 2019 to December 31, 2019).
- POL 16/2017, Maximum Assessable Wage Rate – 2018 (effective January 1, 2018 to December 31, 2018).
- POL 25/2016, Maximum Assessable Wage Rate – 2017 (effective January 1, 2017 to December 31, 2018).
- POL 05/2015, Maximum Assessable Wage Rate – 2016 (effective January 1, 2016 to December 31, 2016).
- POL 18/2014, Maximum Assessable Wage Rate – 2015 (effective January 1, 2015 to December 31, 2015).
Section heading
Complements
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Complements
Call to action
