Creating Canada workers' compensation reports
You create workers' compensation reports to submit to the Workers' Compensation Board so they can determine the amount of premiums you owe.
PR418 calculates assessable/excess wages from the beginning of the year through the To Date even if the report is being run just for a specific month. For example, when running for April 1, 2004 through April 30, 2004, the calculation of the assessable and excess wages includes the wages and taxable benefits from January 1, 2004 through April 30, 2004.
The first line provides the information based on the date range of the parameters. The second line provides information from the beginning of the year to the "to" date. If the amounts are the same, only one line will be shown.
If an employee’s payment is for the ‘hours only’ type pay code and the company paid taxable benefits are processed for the payment, PR418 processes the taxable benefits if Gross Earnings is selected or if the WC pay class includes the ‘hours only’.
If an employee receives wages from different process levels on one payment, the earnings and benefits are reported by process level for PR418 Report Options 3 and 4.
Before you create Canada workers' compensation reports, you must define WC classes, assign WC classes to job codes, and run at least one payroll cycle.
Create workers' compensation reports