PPIP/QPIP Adjustment Options

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Quebec/Provincial Parental Insurance Plan Rates


QPIP/PPIP Maximum Insurable Earnings

QPIP/PPIP Maximum Employee Premium

QPIP/PPIP Employee Premium Rate

QPIP/PPIP Employer Premium Rate

$72,500.00

$397.30

0.548%

0.767%

 

NOTE: PPIP/QPIP discrepancies are adjusted to and from tax deducted.

 

Option G - Adjust QPIP/PPIP premiums if over annual maximum (select alone or with option H or I)

If this option is selected, the QPIP/PPIP will only be adjusted if it is greater than:

 

$397.30, calculated as ($72,500.00 x 0.548%)

 

Option H - Adjust QPIP/PPIP premiums based on Insurable Earnings (select only one of options H and I)

If this option is selected, the EI will be calculated as:

 

QPIP/PPIP Insurable Earnings x 0.548%

(Gross Pay will be used If QPIP/PPIP Insurable Earnings have not been entered)

 

Option I - Adjust insurable earnings based on QPIP/PPIP deducted (select only one of options H and I)

This option assumes the entered amount for QPIP/PPIP deducted is correct. When this option is selected, QPIP/PPIP insurable earnings will be calculated as the minimum of:

 

(QPIP/PPIP deducted / 0.548%) ...OR... ($72,500.00) ...OR... (Employment income)