The rates applicable to the two components of the temporary contribution by financial institutions has been increased for the period from January 1, 2013, to March 31, 2019.

For amounts paid as wages by

• a bank, a loan corporation, a trust corporation or a corporation trading in securities, the rate is 2.8%;
• a savings and credit union, the rate is 2.2%;
• any other person (excluding an insurance company and a professional order that created an insurance fund under section 86.1 of the Professional Code), the rate is 0.9%.

For insurance premiums and amounts established regarding insurance funds, the rate is 0.3%.

Transitional rules apply in the case where the taxation year of a person that is a financial institution at any time in the year includes January 1, 2013, or March 31, 2019.

For further information, see page H.45 in the Budget Plan published by the Ministère des Finances et de l'Économie.