The payroll services are available to all non-profit sport and recreational associations semi-monthly and can be specially tailored to suit the specific needs of your organization.
- Direct deposit and manual pay cheques to full time salary or hourly employees, seasonal contract and short-term contract employees regular CRA tax remittances
- Regular WCB remittances
- Distribution of T-4 slips
- Assistance in PSO audits for payroll
For more information, please contact Edwin Lam at 604.333.3422 or email@example.com
PLEASE NOTE: During COVID – 19 Sport BC is working hard to support our clients and members as support measures are unfolding. The following is a summary of how we are supporting as of April 17, 2020
Wage Subsidy Guidelines/Updates: Canada’s Parliament passed legislation related to the Federal Emergency Wage Subsidy (“CEWS”) program. Program details can be found here:
- Eligible employers include non-profit organizations and registered charities that have seen a drop of at least 15% in their March revenues (down from 30% in previously announced versions of the 75% subsidy program) and 30% in following months.
- For non-profits and registered charities, the calculation includes “most forms of revenue” but excludes revenue from non-arm’s length persons.
- A non-profit or charity can choose to include revenue from government sources or not but you must be consistent in your approach throughout the program period.
- Subsidy applies to remuneration paid between March 15 and June 6 and is the greater of:
- 75% of remuneration paid up to a maximum of $874/week; or
- the amount of remuneration paid, up to a maximum benefit of $847 per week or 75% of the employee’s pre-crisis weekly remuneration, whichever is less.
- “Eligible remuneration” includes salary, wages, and other remuneration like taxable benefits.
- For employers that are eligible for both the CEWS and the 10% wage subsidy for a period, any benefit from the 10% wage subsidy for remuneration paid in a specific period generally reduces the amount available to be claimed under the CEWS in that same period.
- Payments will be made via cheque or direct deposit.
These are program highlights only – please take the time to read the details in the link above to see how the program applies to your organization.
Applying for CEWS
Applications for the CEWS program must be made by your organization through the Canada Revenue Agency’s “My Business Account” portal – Sport BC cannot make the application for you.
More details about the application process will be made available shortly by the government and we will update you when more information is available.
Sport BC is committed to helping its members navigate through this process – once the application process is open we will endeavour to assist our members in every way possible.
The Canada Emergency Benefit Account (“CEBA”)
The CEBA is another part of the government’s COVID response that provides much needed credit for small businesses to pay for immediate operating costs such as payroll, rent, utilities, insurance, property tax, or debt service. It is 100% funded by the Government of Canada.
- It is available to Canadian employers with $50,000 to $1 million in total payroll in 2019, and operating as of March 1, 2020. This includes smaller (i.e., micro) businesses and other eligible employers such as not-for-profits.
- Under CEBA, financial institutions will be able to provide interest-free credit facilities of up to $40,000 to eligible businesses.
- If the loan is repaid by December 31, 2022, 25% (up to $10,000) will be forgiven.
- If the loan is not repaid by December 31, 2022, the remaining balance will be converted to a three-year term loan at 5% interest.
This program is now available at various financial institutions and credit unions.
If Sport BC is applying for a CEBA facility:
Most financial institutions are requesting that employers provide their T4 summaries from 2019. To streamline administration and keep processing costs low, Sport BC has always remitted statutory deductions and T4 reporting for Its clients on a consolidated basis using Sport BC’s payroll accounts (12310 5728 RP0001 and RP0002). In lieu of a T4 summary report, Sport BC payroll clients will be provided with the following upon request:
- A signed letter attesting to gross payroll in 2019
- A Payworks-generated report stating total gross remuneration, benefits, and statutory deductions remitted in 2019
- Copies of Sport BC’s T4 summaries supporting the total amounts paid and remitted in 2019 on behalf of all our clients.