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CCH® PAYROLL — 5/2/08

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.

Ontario increases Northern Resident Deduction. An increase in the maximum Northern Residents Deduction for the 2008 taxation year and beyond will be adopted in order to parallel the Federal tax measures announced by the federal government in its 2008 Budget.

Alberta minimum wage increased. On April 1, 2008, the minimum wage increased to $8.40 per hour, up from the previous rate of $8.00 per hour. 

Nova Scotia minimum wage to increase. Annual increases to minimum wage over the next three years will be as follows:

After March 31, 2011, minimum wage will be adjusted annually based on the Consumer Price Index.

Prince Edward Island minimum wage to increase. On May 1, 2008, the minimum wage will to increase to $7.75 per hour, up from the current level of $7.50 per hour and will rise again on October 1, 2008, to $8.00.

Quebec minimum wage to increase. 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 minimum wage to increase. 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 minimum wage increased. On April 1, 2008, the minimum wage increased to $8.58 per hour, up from the previous rate of $8.37 per hour.

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