Statement and Estimate of Earnings - Value of Service
June 30, 2008 - December 31, 2014
The Workers' Compensation Act S.Y. 2008 (the "Act") provides that every employer in Yukon must prepare and transmit to the Yukon Workers' Compensation Health and Safety Board (YWCHSB), on a yearly basis, a statement of the amount of wages earned by all the employer's workers in the immediately preceeding year, as well as an estimate of the earnings that will be paid to the workers in the current year. This includes the wages of the directors of any incorporated company. However, corporate directors often do not draw a wage from the company. In these circumstances, the YWCHSB must rely on proxy measures to determine the relative value of service of that director, in order to levy the assessment.
This policy provides direction to the YWCHSB on ascertaining the value of service of corporate directors for the purposes of determining assessments.