Payroll Costs

Workers Compensation

Average Cost of All Manufacturing
Per $100 payroll

$1.56

All rates current as of January 2008. Rates set by employer's industrial activity. Applies to maximum gross earnings of $68,500.

Average Rate for Office Workers*
Per $100 payroll
*WCB Industry Group FY04

$0.15

Typical range for business services operating in an office building. Applies to maximum gross earnings of $68,500.

Maximum Weekly Benefit (Net)
*as per the 2008 net compensation table (based on $66,500 annual gross (90% net) earnings weekly is $871.39)

$871.39*

90% of net average earnings, based on a maximum assessable earnings of $68,500 per year. Represents lost wages only. Health care costs are typically covered as well. Paid by Workers' Compensation Board of BC.

Employment Insurance

Taxable Base

Gross Payroll

Maximum weekly insurable earnings $42,300.

Percentage Rate (Employer Premium)
- Average Among Existing Employers

2.42%

Employer premium set at 1.4 times that of the employee premium.

Percentage Rate (Employer Premium)
- Average Among New Employers

2.42%

Employer premium set at 1.4 times that of the employee premium.

Percentage Rate (Employer Premium)
- Maximum Weekly Benefit

$447.00

Paid by the Government of Canada (55% of insured earnings, representing the general benefit level).

Social Insurance (Canada Pension Plan - CPP)

Taxable Base	Gross Payroll $3,500	Based on annual gross salary up to $46,300 and basic exemption of $3,500. Both employers and employees are required to contribute to the CPP.
Employee/Employer Contribution Rate	4.95%	Employer premium equal to employee premium.
Max. Annual Employer Contribution Per Employee	$2118.00	Employer contribution matches employee contribution.
Self-Employed Contribution Rate	9.90%	-
Max. Annual Self-Employment Contribution	$4098.60	-

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