As a Yukon employer, you must manage your account properly, otherwise you risk a penalty.
As a new business, you have 10 days to register with us after you have hired your first employee.
If you miss the 10-day window, you may be assessed a fine.
If you have missed a payment on your account, you will be assessed a penalty of 10 per cent on the amount due.
If you are concerned about this, talk to us about the possibility of paying in installments with a payment schedule or set up automatic payments from your credit card.
Late filing of your Employer Payroll Return
This form must be filled out every year by February 28 (29 on a leap year). Your form must be postmarked by February 28 to avoid the penalty.
If you miss the deadline, you face a fine of up to $5,000.
Underestimating your payroll
We ask all employers to estimate their payroll for the coming year.
If you estimate your payroll too low, and fail to readjust it once you realize it has grown, you risk a penalty.
To avoid this penalty, contact us with your revised estimate.
Late reporting of a workplace injury
You must report to us all workplace injuries within three working days using the Employer's Report of Injury/Illness form.
Failure to do so holds up our ability to process claims for injured workers. This can delay needed treatment and rehabilitation or payment of time lost from work, all of which can cause hardship for the worker and increased costs to the compensation system.
The penalty for failing to report an injury within three days ranges from $100 to $500.
Contact us if you have any questions or concerns about penalties and fines.