Assessment fees
As a Yukon employer, it is your responsibility to register for coverage and manage your account properly, otherwise you risk administrative fees and interest charges.
Late registration
Register for coverage by completing our registration form within 10 calendar days of employing one or more workers in the Yukon.
If you fail to register within the 10-day window, your business may be subject to an administrative fee of 10% of the assessment premiums that would have been payable at the time of registration and applicable interest.
Late payments
The board charges an administrative fee if an employer fails to pay their assessment premium (or instalment) within the required timeline.
The fee can range from $50 to $5,000.
Late filing of your Employer Payroll Return
This form must be filled out every year by February 28 (February 29 on a leap year).
Should you fail to provide the board with your payroll return within the required timeline or submit an incomplete return, an administrative fee may be charged.
This fee can range from $50 to $5,000.
Underestimating your payroll
We ask all employers to estimate their payroll for the coming year.
Should your actual payroll exceed 125% of your estimate, an administrative fee of $50 to $5,000 may be charged.
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 delays processing of claims for injured workers. This can delay 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.
Interest
The board charges interest on unpaid assessment premiums. The rate used is 5% above the prime lending rate set on December 31 of the previous year.
Interest is charged starting 30 days after the payment due date.
More information
If you have any questions or concerns about penalties and fines, please contact us.
Resources
• 5.1 Employer Registration
• 5.4 Reporting Payroll and Payment of Assessment Premiums
• 7.8 Employer’s Notice of Injury