Source Deductions and Contributions – Balance Payable
If you have a balance payable for the year because your remittances were less than required, the balance may bear interest from the due date for each remittance.
If you have a balance payable because you had to use estimated data to calculate your periodic remittances, you must pay the balance within the time limits provided for below. This may be the case, for example, if:
- you used an estimated rate to calculate your periodic remittances of the contribution to the health services fund (click Total Contribution to the Health Services Fund Paid in the Year); or
- you used estimated data to calculate the value of the taxable benefit respecting an automobile made available to an employee.
You are not required to pay a balance of less than $2.
You must pay the balance of your source deductions, Québec Pension Plan (QPP) contributions and Québec parental insurance plan (QPIP) premiums when you make your last remittance for the month of December, not when you file the RL-1 summary (form RLZ-1.S-V). If you pay your balance when you file the RL-1 summary, you will be charged interest and you may have to pay a penalty.
You must also pay the balance of your contribution to the health services fund when you make your last remittance for the month of December, except the portion of the balance that results from the difference between the actual contribution rate and the estimated contribution rate.
For more information on calculating the contribution to the health services fund, see Contribution to the Health Services Fund.