For more information about the fields on the Workers' Compensation Codes setup window, select from the list below:
WC Group
A label that identifies the workers’ compensation policy.
WCB Province
The province associated with the workers' compensation group and its associated set of codes. The rate or rates are determined by the province's Workers' Compensation Board (WCB).
Employer Number
The employer's Workers' Compensation Board identifying number in any combination of characters up to 60.
(Policy) Description
A description of your Workers' Compensation plan or policy in any combination of characters up to 60 characters.
Last Maintained
The date of the last change made to the policy record is displayed in this field. You cannot make an entry in this field, it is for your information only.
Expense Account
The general ledger expense account associated to this workers' compensation group.
Liability Account
The general ledger liability account associated to this workers' compensation group.
Start Date
Enter the date when the current Workers' Compensation rates become effective. The system uses the start date to calculate the ceiling, if any, for the coverage period. You should update the start date each year when your coverage is renewed.
Previous Start Date
Enter the start date of the workers’ compensation group used previously. This will enable you to enter a previous ceiling and rate, so that you can report workers' compensation information based on a ceiling and rate used previously. You should update the previous start date when your coverage is renewed.
Ceiling
Enter the annual wage ceiling used in the premium calculation. The figure you enter represents the maximum amount of annual earnings covered by workers' compensation. The system will report the premium calculated on wages for the reporting period, up to the ceiling for the coverage period.
Previous Ceiling
This field is available only if you entered a Previous Start Date.
Enter the annual wage ceiling previously used in the premium calculation. The figure you enter represents the maximum amount of annual earnings covered by workers' compensation. The system will report the premium calculated on wages for the reporting period, up to the ceiling for the coverage period.
Workers' Compensation Code
A code of up to 6 letters or numbers that identifies the workers' compensation rate you assign to employees or to a specific type of work.
You can use the same codes for the same type of work in different provinces. If an employee moves from one province to another but stays in the same type of work, then the new province's rate will apply when you change the employee's WC Group on the Employee Payroll window.
Description
A description of up to 60 characters that identifies the workers' compensation code and rate for reports.
Rate Per $100
Enter each Workers' Compensation rate applicable to the employees in your company. The system uses this rate to calculate premiums shown on the workers' compensation reports.
Previous Rate Per $100
This column is available only if you entered a Previous Start Date.
Enter each Workers' Compensation rate previously applicable to the employees in your company. The system uses this rate to calculate previous premiums shown on the workers' compensation reports.