Payroll News

Saskatchewan Raises Workers’ Comp Taxable Limit for 2020

Nov. 19, 2019, 5:35 PM

Canada’s province of Saskatchewan is to increase its maximum insurable earnings amount for workers’ compensation premiums to C$88,906 (U.S. $67,212.94) for 2020, up from C$88,314 (U.S. $66,765.38) for 2019, the Saskatchewan Workers’ Compensation Board said on its website.

Each Canadian province and territory has an amount of maximum insurable earnings, also known as maximum assessable earnings, maximum annual earnings, and maximum wage rates, for assessment of workers’ compensation coverage premium rates on employers.

The amount of maximum insurable earnings is the maximum annual amount of wages paid to an employee upon which a workers’ compensation coverage premium rate may...

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