Published | Category : Source deductions and contributions
Elimination of the Health Contribution
On October 25, 2016, the Minister of Finance of Québec announced the elimination of the health contribution as of 2017. Consequently, starting January 1, 2017, you will no longer be required to withhold the health contribution on the remuneration you pay to an employee or a beneficiary. The Source Deduction Table for Québec Income Tax (TP-1015.TI-V), the Formulas to Calculate Source Deductions and Contributions (TP-1015.F-V) and the WinRAS application for 2017 take this change into account.