“Did you know” – WCB

Preparing your WCB return?

  • Did you know that the old 50% dividend rule is no longer applicable?  Now dividends are included in shareholders earnings when they are paid as remuneration for activity in the company.
  • Did you know taxable benefits are not part of Assessable earnings?
  • Did you know severance pay is not part of Assessable earnings?
  • Did you know there is an equipment allowance (deduction) if the subcontractor supplies equipment and an operator?

More information can be found in the Guide to Completing your Employer Payroll and Contract Labour Report: http://www.worksafebc.com/publications/how_to_work_with_the_wcb/Assets/PDF/guide_1810.pdf

Or contact your local KHGroup Office for help in preparing your WCB return.