Business in Alberta
Both the Provincial and Federal governments have legislated human resource social programs that benefit both the employer and employees. Organizations outside of Canada that are exploring the many advantages of investing in Devon should be aware of these programs.
Alberta Labour Code:
Government of Canada Labour Code:
Workers' compensation is a system of social insurance, whereby benefits are paid to a worker injured from a workplace accident or illness, regardless of fault on the part of the employer or worker. The Workers Compensation Board (WCB) is a not-for-profit organization in Alberta that administers the workers' compensation system for the province under the Workers' Compensation Act.
In Alberta, there are certain industries that are required to open an account with the WCB. Other industries may open an account voluntarily. The WCB site provides abundant information for employers, workers and health care providers. There are also links to working safely, policy and legislation, publications and forms.
WCB Rates can vary based on Employer safety record and by industry. Additional information can be found by visiting the WCB web site at http://www.wcb.ab.ca/
Payroll Costs by Industry:
Employer payroll costs include Canada Pension (CPP) and Employment Insurance Premiums (EI). The rates will vary based on employee income levels. Additional information can be found at http://www.cra.gc.ca