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May 2013 Presentation to FVCAA
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Assessment Department
Assessment Department
Accident Fund
Based in the ‘historic compromise’ – protection from suit.
•The injured workers’ safety net
•The employers’ protection
MANDATORY COVERAGE UNDER THE ACT
VOLUNTARY COVERAGE UNDER THE ACT
Compulsory Conditions Availability Mechanism
Pro
pri
eto
rsh
ip Proprietor No – Yes Personal optional protection
Proprietor’s spouse No – Yes Voluntary coverage
Proprietor’s child Yes Employment relationship Remuneration
No –
Par
tner
ship
Partner No – Yes Personal optional protection
Partner’s spouse Yes Employment relationship Remuneration
No –
Partner’s child Yes Employment relationship Remuneration
No –
Co
rpo
rati
on
or
sim
ilar
en
tity
Principal Yes Active in the business No –
Director Yes Active in the operations of the corporation
No –
Principal’s family member
Yes Earnings are reported for income tax purposes
No –
Officer Yes Active in the business No –
Shareholder (active) Yes Active in the business No –
Shareholder (inactive) No – No –
Volunteer No Limited circumstances No Limited circumstances
Elected official No – No –
SUMMARY OF COVERAGE UNDER THE ACT
Assessment Department
1. The way a person structures their business matters
• Proprietor
• Partner
• Incorporated Company (Inc., Ltd., Co.)
Key Points
Assessment Department
Assessments
Every employer must register, report and remit on all payroll earned in the Province of BC
Assessment Department
Payroll
• Wages and salaries
• Principals’ earnings
• Contractors’ earnings
• Personal Optional Protection
Assessment Department
Audits
• T4, T4A slips and summary
• T5018 slips and summary
• Payroll journal, synoptic ledger, cheque register
• General ledger plus computer printouts of wages; subcontractors; casual labour;
• Corporate financial statements
• WCB year end reports
• Records for affiliated accounts
Assessment Department
Exemptions
• Home owners hiring workers for personal needs
• Both spouses in an unincorporated business
• Out of province employers who temporarily have business in BC, not employing a BC resident
• Professional sports athletes
• Incorporated personal financial holding company
Assessment Department
Special Industries•Trucking – IJT/ Owner-Operators
•Motion Picture and Television Productions
•Couriers
•Realtors
•Taxi Shift Lease Operators
•Foster Parents
•Physicians
Assessment Department
Out of Province
•Interjurisdictional agreement
•Workers covered for up to 6 months
Assessment Department
Board Authority
•Section 47 (2) - Charging claim costs to employers
•Section 51 - if a contractor employs a subcontractor to perform work, both are liable for the assessment.
•Section 84 – Assignment of Board authority; the board of directors sets Board policies
•Section 88 - gives the Board the authority to examine the books and accounts of every employer.
•Section 95 – Confidentiality (subject to FIPPA)
Assessment Department
Online ServicesAccess secure applications 24/7
•Secure Connect:
• Online reporting and remitting
• Clearance Letters
• Payment Modification
• Account Maintenance
• Statement of Account
•Fast File and Pay
•Personal Optional Protection
•Delegate Management
www.worksafebc.com
Assessment Department
Questions
•