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The following table shows the Employment Insurance (EI) rates and maximums in Quebec. Starting from 2006, Quebec offers its own parental benefits so the rates in Quebec are lower than federal rates
The employment insurance (EI) rates increase to 1.88% in 2013 from 1.83%. The maximum insurable earnings increase $1,500 to $47,400. The employees earning $47,400 or more will have to contribute $51.15 more compared to 2012. The employers will have to spend $71.61 more on EI premium for each employees with salary of $47,400 or higher….
The following taxable shows a employment insurance (EI) premium rates and maximums from 1997 to 2006 (click here for current EI rates and maximums).
The following table shows the Employment Insurance (EI) rates and maximums.
Fiscal period is the twelve-month period over which a business or profession reports its income-earning activities. The fiscal period may or may not coincide with the calendar year. The business usually establishes its fiscal period when it files its first income tax return.
Income Statement is a financial statement that summarizes the results of business activities (income and expenses) for a given period of time. Sometimes called a profit and loss statement.
Fair Market Value (FMV) generally means the highest dollar value that you can get for your property in an open and unrestricted market between an informed and willing buyer and an informed and willing seller who are dealing at arm’s length with each other.
The Canada Pension Plan (CPP) rate and exemption remains the same in 2013. But the maximum pensionable earnings increase $1,000 to $51,100 in 2013 from $50,100. As a result, the employees who earn $51,100 or more will have to make $49.50 more in CPP contribution compared to 2012. Employers will also see their CPP expenses…
The following table shows the Canada Pension Plan (CPP) contribution rates, maximums and exemptions from 1997 to 2005 (click here for current rates and maximums):
The following table shows the Canada Pension Plan (CPP) rates, maximums and exemptions from 2006 to 2014.