Tag Archives: WLRP

What’s the correct tax treatment for individual WLRPs?

First of all, what do we mean by the term wage loss replacement plan (WLRP)? These are plans which provide employees with income when they can’t work due to illness or injury. For payroll or HR purposes, these plans are … Continue reading

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What HR needs to know about EI

Payroll primarily experiences Employment Insurance as a series of source deduction and reporting requirements. However, EI is also an employee benefit plan, in much the same way that WCB coverage and employer-sponsored disability plans are other types of employee benefit … Continue reading

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How might disability plan choices impact employees?

For employers considering short or long term disability plans there are a great many decisions to be made about plan design, funding and administration. Should benefits be insured, should employees contribute to the cost of benefits, and, if the employer … Continue reading

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New CRA guidance on Wage Loss Replacement Plans

Many of you may have noticed the late release of the T4001 Employers’ Guide for 2014. One reason for this might be the expanded guidance the CRA posted on its web site, in the CPP/EI rulings area, on December 17, … Continue reading

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Recent Changes to WLRP Benefits and Contributions

Anytime source deduction or reporting requirements change, it often takes a couple of years for these to filter out and be properly understood. This may be the case with recent changes to source deduction and reporting requirements for Wage Loss … Continue reading

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