The province of British Columbia has confirmed that the 2026 maximum assessable earnings will rise to $127,500, up from $121,500 in 2025.
This adjustment will affect employer payroll obligations when calculating workers’ compensation premiums.
Employers need to take the following steps:
- Ensure that their payroll system is updated;
- Review budgets and anticipate higher workers’ compensation premiums and make necessary budget adjustments for 2026; and
- Confirm that reporting to the workers’ compensation board aligns with the updated cap to avoid errors and potential penalties.