Chp 5 - Provincial Remittances & Recs

Question 1

When must Quebec employers register with RQ?

Answer 1

• If they have at least one employee working in Quebec

- If they have an employee who doesn’t work in Quebec, but they are paid from the establishment within Quebec

Question 2

Who are statutory deductions withheld from Quebec employees held in trust for?

Answer 2

The Receiver General of Canada & RQ

Question 3

RQ annual remitter type definition

Answer 3

< $2,400 in the previous yr & not expected to be > $2,400 in the current year

Question 4

RQ quarterly remitter type definition

Answer 4

• < $3,000
• fulfilled all fiscal obligations for source deductions in the last 12 months
• new employers < $1,000

Question 5

RQ monthly remitter type definition

Answer 5

< $25,000

Question 6

RQ twice monthly remitter type definition

Answer 6

> $25,000 but less than $100,000

Question 7

RQ Weekly remitter type definition

Answer 7

> $100,000

Question 8

RQ annual remitter type due date

Answer 8

January 15th of the following year

Question 9

RQ quarterly remitter type due dates

Answer 9

• 15th day of the month FOLLOWING the quarter

- for the Oct-Dec qrt it’s Jan 15th of the following year

Question 10

RQ monthly remitter type due date

Answer 10

15th of the FOLLOWING month

Question 11

RQ twice-monthly remitter type due date

Answer 11

• 1st-15th is due the 25th of the SAME month

- 16th to eom is 10th of the FOLLOWING month

Question 12

RQ weekly remitter type due dates

Answer 12

• 7th, 14th, 21st, EOM are last day in periods

- third business day after the last day in each period

Question 13

RQ late remittance interest rates

Answer 13

• 7% for the 1-7 days
• 11% for 8-14 days
• 15% as of the 15th day

Question 14

RQ failure to file penalties

Answer 14

• $25 per day to a max of $2,500

- these are in addition to daily interest

Question 15

Which provinces finance their health care through employer taxes

Answer 15

• BC
• Manitoba
• Newfoundland
• Ontario
• Quebec

Question 16

BC employer health tax criteria

Answer 16

• payroll > $500,000

- charities & non-profits with payroll > $1.5 million

Question 17

BC health tax formula - regular employers between $500,000.01 - $1.5 million

Answer 17

(Assessable remuneration - $500,000) x 2.925%

Question 18

BC health tax formula - regular employers over $1.5 million

Answer 18

Assessable remuneration x 1.95%

Question 19

BC health tax formula - charities between $1,500,000.01 and $4.5 million

Answer 19

(Assessable remuneration - $1.5 million) x 2.925%

Question 20

BC health tax formula - charities over $4.5 million

Answer 20

Assessable remunerations x 1.95%

Question 21

Nunavut & NWT payroll tax rate

Answer 21

2%

Question 22

When are REGULAR employers with payrolls over $600k required to submit their BC Employers Health Tax premiums?

Answer 22

Quarterly on:

• June 15h
• Sept 15th
• Dec 15th
• March 31st - final payment w/annual return

Question 23

When are non-profit employers with payrolls over $1.6 mil required to submit their BC Employers Health Tax premiums?

Answer 23

Quarterly on:

• June 15h
• Sept 15th
• Dec 15th
• March 31st - final payment w/annual return

Question 24

Do employers with a payroll under $1.5 mill pay the Manitoba Health & Post-Secondary Education Tax Levy?

Answer 24

No, they’re exempt

Question 25

What’s the calculation for the Manitoba Health & Post Secondary Edu Tax for employers with a payroll between $1,500,000.01 - $3 mil?

Answer 25

(TAR - 1.25 mil) x 4.3%

Question 26

What’s the calculation for the Manitoba Health & Post Secondary Edu Tax for employers with a payroll over $3 mil?

Answer 26

TAR x 2.15%

THE FIRST 1.5 MIL IS NOT DEDUCTED

Question 27

What is the formula for the Newfoundland Health &

Post-Secondary Edu Tax for employers with a payroll over $1.3 mil?

Answer 27

(TAR - 1.3 mil) x 2%

Question 28

Do employer with a payroll under $1.3 mil pay the Newfoundland Health & Post-Secondary Edu Tax?

Answer 28

No, they are exempt

Question 29

When are Newfoundland Health & Post-Secondary Edu Tax payments due?

Answer 29

By the 20th of the month FOLLOWING the month the renumeration was paid

Question 30

What’s the Ontario Health Tax formula for employers with a payroll over $400k?

Answer 30

(TAR - 1 mil) x 1.95%