Every employer is obliged to file an annual Declaration of Wages before March 15 of each year, in order to declare the amount of wages paid for the year in question to the CNESST.
Did you know that you still have to send it in, even if you didn’t pay any wages during the year?
An employer who fails to file the Declaration of Wages on time may be subject to a penalty of $25 per day late, plus interest of up to $2,500.
Why do I have to declare wages?
1. Determine your annual occupational health and safety insurance premium;
2. Check that the total of periodic payments made for the year is sufficient, based on the wages declared.
IMPORTANT REMINDERS
- The maximum insurable amount for 2018 is $74,000 and $76,500 for 2019.
- The remuneration of an officer of a corporation must be deducted if he acts as a member of the board of directors and as president, vice-president, secretary or treasurer of the corporation.
- A person recognized as a self-employed worker by a government department or agency may be recognized as a worker under the laws applied by CNESST.
Please do not hesitate to contact our team if you have any questions or require accounting assistance.
