The province of New Brunswick has confirmed that the 2026 maximum assessable earnings will rise to $85,800, up from $84,200 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.