Retroactive to Jan.1, 2024, B.C. updated the employer health tax (EHT) rates and exemptions. Check out the changes below.
You can also read B.C.'s overview of EHT here.
Activate or Change Your B.C. EHT Rate
A. Go to Settings
B. Find Pay Rules
C. Click Company Rules
D. Enable BC EHT
E. Set a GL Code (to track in your accounting software)
F. Click Edit and enter:
Account Number (for BC EHT)
Exemption (per year)
Rate
Previous YTD Earnings
Remittance Frequency
G. Click Save
Important:
In May, B.C. updated the employer health tax (EHT) rates and exemptions. If your B.C. remuneration is:
Less than $1,000,000, you're exempt from paying EHT.
Previously, the exemption amount was $500,000
Between $1,000,000.01 and $1,500,000, your new rate is 5.85%
Previously, this rate was 2.925%
You can find your EHT rate here.
Note: If you are starting with PaymentEvolution part way through a calendar year and have already completed some pay runs that would affect your BC EHT, please enter your taxable income to date in this field.
Remitting BC EHT
Note: PaymentEvolution does not remit EHT on your behalf.
To create your EHT report, at the end of a reporting period:
H. Go to Reports from the left-hand menu
I. Accounting
J. Remittance
K. Click Create EHT
Alternatively, if you wish to see the EHT amount per pay, you can use the Payrun History Report on this page and select the box to Show Company Portions. Use the checkboxes on the far left to select a group of pay runs to add up, as required.