Every year brings with it new laws and rules to govern our land. This year is no different. For a quick rundown of all the changes made to the government code, these are some things that you may want to jot down. No doubt your clients are going to be looking to you to figure out what to do. Staying abreast of new laws can avoid any mistakes made in defense. With the help from the Seattle department of health, here is a list of all the news laws that will go into enforcement this New Year. Some will have a small impact while others will impact everyone, knowing the difference can help you best help your clients.
PTSD now a condition for Worker’s Compensation in Manitoba
The province of Manitoba will begin to classify PTSD as a viable work-related illness. The diagnosis of post-traumatic stress syndrome will allow people to collect worker’s benefits. The exceptions, however, will only be made for those in industries that predispose workers to stress such as first responders and firefighters. Nurses and other retail employees will not have the same allowances for PTSD.
British Columbia’s Premiums will go up
Health care premiums in British Columbia will be going up as of the new year. Rising by one percent, changes were made to balance the budget.
An income tax decrease for middle class citizens
The promise of a tax decrease for the middle class and a tax hike for top earners has come to fruition. Taking effect on January first of this year, the tax rate will decrease to 20.5%, a whole one and a half percent down from last year, for all tax earners in the $45,282 to $90,563 bracket. Accordingly, the rate on the top earners, $200,000 plus, will go to 33% up from 29% from last year. That means more than 319 thousand Canadian citizens will see a raise in their taxes for the fiscal year 2016.
TFSA dollar limit
Tax-free savings accounts will decrease the limit from ten thousand to $5,500, and it will also not be indexed according to inflation, all part of the new Liberal budget in Canada.
Hydro bills will include nuclear plant fees in Ontario
Residents of Ontario will not be subjected to a fee for nuclear plant operations. Five dollars and sixty cents will be deducted from residents’ bills because they will no longer be liable to pay for the cost of non-operational nuclear plants. New businesses will not be exempt from fees, however.
No more flavored tobacco will be sold in New Brunswick
Citizens under the age of nineteen will no longer be able to purchase e-cigarette and e-juices in the province of New Brunswick. In addition, the government will ban the sales of flavored tobacco including menthol in the same region.
A tax break for Ontario
Insurance companies will have to offer some form of discount to Ontario drivers who purchase and install new tires for winter. According to the government, those who buy new tires to be safe on the road should be allowed to get a tax break for doing so.
Easing the burdens of student debt
As of January 1st, the Canada Student Loan Program will not be able to cut back the support to working students. They can’t penalize those who work and earn over $100 or more a week as they did in the fiscal year 2015.
Appropriate dress required of cabbies in Quebec
Starting January first, cab drivers in Montreal will have to follow along specific dress code guidelines or face fines. A new law that was approved by the City Council states that cab drivers must wear either pants or shorts of dark color and a shirt with a collar in white when they are performing their cab duties. The reason for the change? Cabbies are needing to compete with new alternatives like Uber, and the best way to do so is to hone in on customer service that starts with new dress code regulations across the board.
A lot of new changes are being made to both the financials of Canadian citizens and to daily habits of life. Being abreast of these changes can ensure that things go much more smoothly both for you personally and professionally, in the year 2016.