TAX INFORMATION FOR 2013

Vol. IV No. 51 • January 9, 2013
Here are the deductions at source rates for 2013 and 2012 for Employment Insurance, Quebec Parental Insurance Plan, Quebec Pension Plan, Quebec Health Services Fund, Quebec Health Contribution, and Commission des normes du travail. These rates will help the user plan more efficiently for the current taxation year and help to prepare T4 and Relevé 1 slips for 2012.

 20132012
Contribution rate to Employment Insurance
(EI) (Quebec)
$1.52 per $100.00 of earnings$1.47 per $100.00 of earnings
Employer’s portion of EI1.4 x employee’s portion1.4 x employee’s portion
Maximum annual insurable earnings of EI$47,400.00$45,900.00
Maximum annual premium to EI$720.48$674.73
Maximum annual employer premium to EI$1,008.67$944.62

 20132012
Contribution to Quebec Parental Insurance
Plan (QPIP)
$0.559 per $100.00 of earnings$0.559 per $100.00 of earnings
Employer’s portion of QPIP$0.782 per $100.00 of earnings$0.782 per $100.00 of earnings
Maximum annual insurable earnings$67,500.00$66,000.00
Maximum annual premium to QPIP$377.33$368.94
Maximum annual employer premium to QPIP$527.85$516.12

 20132012
Employer’s contribution rate to the QPP5.1% of pensionable earnings5.025% of pensionable earnings
Employee’s Quebec Pension Plan (QPP)
maximum annual contribution
$2,427.60$2,341.65
Employer’s QPP maximum annual contribution$2,427.60$2,341.65
Maximum pensionable earnings – QPP$51,100.00$50,100.00
Basic exemption – QPP$3,500.00$3,500.00
Employee’s contribution rate to the QPP5.1% of pensionable earnings5.025% of pensionable earnings

(1) Important: The employer’s contribution rate to the HSF will vary between 2.70% (total payroll ≤ $1,000,000) and 4.26% (total payroll ≥ $5,000,000), depending on the total payroll of the employer, and any associated employers, on a worldwide basis.
The matters highlighted in this tax memo are presented in broad general terms and, of course, cannot be applied without consideration of all circumstances. The firm will be pleased to discuss with recipients the possible effects of these matters in specific situations.

Quebec Health Contribution:20132012
Revenue under $18,000$0$0
Revenue from $18,000
to $20,000
5% of amount over $18,000 Depends on family income and number of dependants ($0 - $200)
Revenue from $20,000
to $40,000
$100
Revenue from $40,000
to $42,000
$100 + 5% of amount over $40,000
Revenue from $42,000
to $130,000
$200$200
Revenue from $130,000
to $150,000
$200 + 4% of amount over $130,000$200
Revenue over $150,000$1,000
$200
Commission des normes du travail (CNT) (employers only)0.08% of total payroll0.08% of total payroll
Maximum annual earnings subject to the CNT$70,000.00$69,000.00
Employer’s maximum contribution to the CNT$56.00$55.20

All Canadian employees (except Quebec):20132012
Contribution rate to Employment Insurance (EI)$1.88 per $100.00 of earnings$1.83 per $100.00 of earnings
Employer’s portion of EI1.4 x employee’s portion1.4 x employee’s portion
Maximum annual insurable earnings of EI$47,400.00$45,900.00
Maximum annual premium to EI$891.12$839.97
Maximum annual employer premium to EI$1,247.57$1,175.96
Taxable ordinary dividend125% of actual dividend125% of actual dividend
Dividend tax credit – Federal16.667% of actual dividend16.667% of actual dividend
Dividend tax credit – Quebec10% of actual dividend10% of actual dividend
Taxable eligible dividend138% of actual dividend138% of actual dividend
Eligible dividend tax credit – Federal20.727% of actual dividend20.727% of actual dividend
Eligible dividend tax credit – Quebec16.422% of actual dividend16.422% of actual dividend

For additional information, please contact a member of our Tax Deparment.

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