Alberta has confirmed that their 2025 maximum assessable earnings will increase to $106,400 (from $104,600 in 2024).
This change will impact your payroll obligations when calculating your premiums.
Employers should take the following steps to ensure compliance with the 2025 regulations:
- Update Payroll Systems: Ensure your payroll software reflects the new maximum assessable earnings limit. This will ensure accurate workers' compensation reporting.
- Review Budget and Costs: The increase may increase workers' compensation premiums. Factor this into your budget for 2025 and consider any necessary adjustments.
- Check Compliance: Ensure that your report to the workers' compensation board is compliant with the new earnings cap. This will help prevent errors and potential penalties.