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CCH® PAYROLL — 3/21/08

CCH summarizes recent Canadian payroll news

Interested in the latest news affecting Canadian payroll professionals? Here's a summary of recent Canadian payroll news, as provided by PaySource, a monthly newsletter published by CCH Canadian Limited.

The following minimum wage rates will be changing this year:

Manitoba—On April 1, 2008 the minimum wage will increase to $8.50 per hour, up from the current level of $8.00 per hour.

New Brunswick—On March 31, 2008 the minimum wage will increase to $7.75 per hour, up from the current level of $7.25 per hour.

Newfoundland and Labrador—On April 1, 2008 the minimum wage will increase to $8.00 per hour, up from the current level of $7.50 per hour.

Ontario—On March 31, 2008 the minimum wage will increase to $8.75 per hour, up from the current level of $8.00 per hour.

Quebec—On May 1, 2008 the minimum wage is expected to increase to $8.50 per hour, up from the current level of $8.00 per hour.

Saskatchewan—On May 1, 2008 the minimum wage will increase to $8.60 per hour, up from the current level of $8.25 per hour.

Yukon—On April 1, 2008 the minimum wage will increase to $8.58 per hour, up from the current level of $8.37 per hour.

Nova Scotia's Minimum Wage Committee recommends minimum wage increases over next three years. The Nova Scotia Minimum Wage Review Committee has recommended a three-year increase for minimum wage earners. The committee recommended the following four increases to minimum wage over the next three years:

• May 1, 2008: 6.5 percent increase to $8.10 per hour.
• April 1, 2009: 6.2 percent increase to $8.60 per hour.
• April 1, 2010: 6.9 percent increase to $9.20 per hour.
• October 1, 2010: 4.8 percent increase to $9.65 per hour.

British Columbia 2008 budget. The 2008 British Columbia Budget of February 19, 2008, presented by Finance Minister Carole Taylor, contained some measures related to payroll. The bottom two provincial personal income tax rates are reduced effective for the 2008, 2009 and subsequent tax years. The rate reductions will result in a tax cut for all taxpayers of about 2 percent in 2008 and 5 percent in 2009 on income in the first two tax brackets, up to about $70,000 in taxable income.

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