Maximum Insurable Earnings and the Québec Parental Insurance Plan (QPIP) Premium Rate
The table below provides information about the Québec parental insurance plan (QPIP) premium for the current year and previous years.
|Year||Maximum insurable earnings ($)||Premium rate (%)||Maximum premium($)|
If an employee's employment income (including eligible salary or wages) for the year is less than $2,000, the employee is not required to pay QPIP premiums. However, regardless of the $2,000 threshold, you must start withholding and paying QPIP premiums as soon as you pay the employee one dollar of eligible salary or wages. For more information, see Employee With Work Income for the Year of Less Than $2,000.