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New Record Keeping Rules

New record-keeping rules for employers will come into effect on January 1, 2017. The new payroll rules will require employers to make and keep employment records for:

a) paid holiday pay due or paid to an employee;

b) period of a leave of absence of an employee as well as the reason for the absence; and

c) dates of any suspensions, dismissals or layoffs of an employee and the dates of such notices.

The new requirements complement existing record-keeping obligations already required of employers under s. 5.6 of the Employment Standards Act. The changes will also clarify the current payroll rules.  These measures are in line with an initiative of the three Maritime Provinces to streamline record-keeping requirements for employers.

Source: Government of Prince Edward Island

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