Workers' compensation is a provincial insurance program, such as Ontario's WSIB, funded by employer premiums that covers workers injured or made ill on the job.
Workers' compensation provides wage replacement and medical coverage to employees injured or made ill through their work, in exchange for employees generally giving up the right to sue the employer. Each province runs its own board, Ontario's WSIB, WorkSafeBC, and others, funded entirely by employer premiums based on payroll and industry risk.
Coverage is mandatory for most employers in covered industries, and premiums are a real payroll cost that varies with the hazard level of the work. Registration, accurate payroll reporting, and timely premium payment are compliance obligations separate from CRA payroll remittances.
An Ontario construction company registers with the WSIB and pays premiums based on its payroll and a construction-industry rate. When a worker is injured on site, WSIB covers their lost wages and medical costs.
Our certified accounting firm handles this for businesses and individuals across Canada, at fixed fees with no surprises.
Book a Free 15-Minute CallWorkers' Compensation (WSIB) Frequently Asked Questions
Common questions regarding our compliance workflows and service guarantees.
Searched Questions About Workers' Compensation (WSIB)
The questions Canadians actually search on this topic, answered plainly. Browse every question in the Canadian tax answers directory.
Canada runs three systems. The federal GST is 5% for 2026 and applies nationally. Five participating provinces fold a provincial share into one harmonised rate: 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island, and 14% in Nova Scotia since 1 April 2025. Others add their own tax to the 5% GST, giving 12% in British Columbia and Manitoba, 11% in Saskatchewan and 14.975% in Quebec. Alberta and the territories charge 5% only.
The basic personal amount is a non-refundable credit that shelters a base level of income from federal tax, so income below it carries no federal tax. The amount is indexed every year, and the enhanced portion is phased out across the second-highest federal bracket, so taxpayers in the top bracket receive only the base amount. Each province and territory sets its own version. On Form TD1 you claim it so your employer withholds less; claim it with one employer only, or too little tax is withheld.
The GST rate is 5%, unchanged since 1 January 2008 and current for 2025 and 2026. It reaches every province and territory, but in five provinces it is folded into the HST: you charge 13% in Ontario, 15% in New Brunswick, Newfoundland and Labrador and Prince Edward Island, and 14% in Nova Scotia, down from 15% on 1 April 2025. In Alberta, the Northwest Territories, Nunavut and Yukon, 5% applies alone.
No. Property tax is a municipal levy based on your property’s assessed value, not a charge for a service you consume, so it is not a utility bill even where a city bills water on the same statement. The difference matters when you claim expenses: for a rental or a home office, property tax and utilities are separate lines, each apportioned to the business-use share. Keep the municipal tax bill itself as your record.
Related Terms
Related Services
Reviewed and fact-checked by Udit Gupta
Ex Big 4 — Ernst & Young, Deloitte · International & cross-border tax specialist · CPA Canada (In-Depth Tax Program) · Chartered accountant, ICAI & MIA
Udit Gupta has over 15 years of experience helping corporations and business owners with corporate structuring, corporate tax filing, bookkeeping, payroll, GST/HST, cross-border tax and CRA representation. Big 4 trained at Ernst & Young and Deloitte, and qualified as a chartered accountant in India and again in Malaysia, he founded his accounting practice in 2014 to serve entrepreneurs, startups and non-resident business owners across Canada. View full member bio.
The Institute of Chartered Accountants of India — member 521458 · Malaysian Institute of Accountants — member CA 44667 · Ex Big 4: Ernst & Young, Deloitte · CPA Canada (In-Depth Tax Program), completed 19 Dec 2023 · In-Depth GST/HST Part I, 12 Jul 2022 · Part II, 5 Jul 2023
Editorial policy. Every page is researched against primary sources — the Income Tax Act, CRA publications and CPA Canada guidance — and every rate or threshold is stated with the tax year it applies to.
Pay after the service
A fixed price first, payment after the work is done
Fill in the form and we come back with a single fixed fee. You approve it, we deliver, and you pay once the service is complete.
- Fixed fee agreed before work starts
- Pay after the service
- Free 15-minute consultation
24/7 Helpline: +1 (416) 619-0068
Secure Fixed Quote
Fill details below to lock in pricing and get started today.
Our Partners Are Alumni of the World's Top Accounting and Tax Institutions
