Published
Calculation of the QST Payable on Taxable Benefits
Starting January 1, 2013, the QST rate will be raised from 9.5% to 9.975%. As a result, the factor used to calculate the amount to be included in the calculation of the net QST of a registrant granting a taxable benefit to an employee or a shareholder will be increased from 9.5/109.5 to 9.975/109.975. In the case of an operating-costs benefit related to an automobile, the rate will remain at 6%.
| Taxation year | QST rate | All types of benefits (including the benefit related to the standby charge for an automobile) | Operating-costs benefit related to an automobile |
|---|---|---|---|
| 2010 | 7.5% | 7.5/107.5 | 4.7% |
| 2011 | 8.5% | 8.5/108.5 | 5.4% |
| 2012 | 9.5% | 9.5/109.5 | 6.0% |
| 2013 | 9.975% | 9.975/109.975 | 6.0% |