NL 2026 maximum annual assessable earnings have been confirmed, and the amount will increase from $79,345 to $80,935. This change will impact your payroll obligations when calculating your premiums.
Employers should take the following steps to ensure compliance with the 2026 regulations.
- Verify 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 result in higher workers' compensation premiums. Factor this into your 2026 budget 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.