Payroll Costs

Average Cost of All Manufacturing Per $100 payroll	$1.56	All rates current as of January 2008. Rates set by employer’s industrial activity. Applies to maximum gross earnings of $68,500.
Average Rate for Office Workers* Per $100 payroll *WCB Industry Group FY04	$0.15	Typical range for business services operating in an office building. Applies to maximum gross earnings of $68,500.
Maximum Weekly Benefit (Net) *as per the 2008 net compensation table (based on $66,500 annual gross (90% net) earnings weekly is $871.39)	$871.39*	90% of net average earnings, based on a maximum assessable earnings of $68,500 per year. Represents lost wages only. Health care costs are typically covered as well. Paid by Workers’ Compensation Board of BC.

Taxable Base	Gross Payroll	Maximum weekly insurable earnings $42,300.
Percentage Rate (Employer Premium) – Average Among Existing Employers	2.42%	Employer premium set at 1.4 times that of the employee premium.
Percentage Rate (Employer Premium) – Average Among New Employers	2.42%	Employer premium set at 1.4 times that of the employee premium.
Percentage Rate (Employer Premium) – Maximum Weekly Benefit	$447.00	Paid by the Government of Canada (55% of insured earnings, representing the general benefit level).

Taxable Base	Gross Payroll $3,500	Based on annual gross salary up to $46,300 and basic exemption of $3,500. Both employers and employees are required to contribute to the CPP.
Employee/Employer Contribution Rate	4.95%	Employer premium equal to employee premium.
Max. Annual Employer Contribution Per Employee	$2118.00	Employer contribution matches employee contribution.
Self-Employed Contribution Rate	9.90%	–
Max. Annual Self-Employment Contribution	$4098.60	–

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