Category: Government Announcements

CPP Enhancements

Canada Pension Plan enhancement As you may know, changes to the Canada Pension Plan (CPP) will be implemented starting in 2019. The changes will affect everyone who works in 2019 and contributes to the CPP. Here are some of the key highlights: The changes aim to strengthen the CPP for future generations and provide better […]

Employer Health Tax (EHT)

The government of BC will be implementing the new Employer Health Tax (EHT) effective January 1, 2019.  The Medical Services Plan premiums (MSPP) were reduced by 50% on Jan 1, 2018 and will be eliminated on January 1, 2020. Individual taxpayers pay MSP premiums while the proposed EHT will be paid through an employers annual payroll tax.   Tax rates will be based […]

2018 – 2021 BC Minimum Wage Increases Announced

Thursday, February 8, 2018 11:15 AM – From the Office of the Premier British Columbia’s lowest-paid workers will earn a $15-an-hour minimum wage by June 2021, Premier John Horgan announced today, endorsing the recommendations of the Fair Wages Commission. The Fair Wages Commission recommended the following schedule of increases: June 1, 2018: $12.65 an hour […]

BC Finance Minister Carole James announces that MSP rates will be halved in 2018

Medical Service Plan premiums are being cut in half on January 1, 2018 as originally announced by the previous BC Liberal government. On top of the 50 per cent rate cut, the income threshold for full exemption from MSP premiums will be raised by $2,000. “MSP premiums are unfair and place a significant burden on […]

Federal CPP and EI Maximums for 2018

2016 2017 2018 Employment Insurance Maximum weekly benefit 537.56 542.59 546.82 Maximum annual employee contribution 955.04 836.19 858.22 Maximum annual employer contribution 1,337.06 1,169.64 1,201.51 Maximum insurable earnings 50,800.00 51,300.00 51,700.00 Canada Pension Plan Maximum employee contribution to plan 2,544.30 2,564.10 2,593.80 Maximum annual contributory earnings 54,900.00 55,300.00 55,900.00 Registered Retirement Savings Plan* Contribution limit 25,370.00 […]

Alberta to Create Fee Guide in Response to Soaring Dental Costs

Alberta’s Health Minister, Sarah Hoffman, announced on December 8, 2016 that it will create a dental fee guide to try to take a bite out of skyrocketing dental costs. This decision was based on results of a provincial review of the dental industry, launched more than a year ago, which showed Alberta’s overall dental fees can […]

ENCOMPASS Benefits & Big White Ski Pass Contest Announcement

This past Friday we were able to make this Christmas season very special for one great student – Raven Larsback. This year, one special way that we wanted to give back to our great community is to offer, with our long term client Big White Ski Resort, an amazing gift for one incredible youth. This […]

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