Revenue Quebec: Limits and Rates Related to the QPIP for 2016

The limits and rates related to the Québec parental insurance plan (QPIP) for 2016 are as follows:

• The maximum insurable earnings have been increased from $70,000 to $71,500.
• The qualifying threshold remains $2,000.
• The employee contribution rate has been decreased from 0.559% to 0.548%.
• The employer contribution rate has been decreased from 0.782% to 0.767%.
• The maximum employee contribution has been increased from $391.30 to $391.82.
• The maximum employer contribution has been increased from $547.40 per employee to $548.41 per employee.
• The contribution rate for self-employed persons and persons responsible for a family-type resource or an intermediate resource has been decreased from 0.993% to 0.973%.
• The maximum contribution for a self-employed person or a person responsible for a family-type resource or an intermediate resource has been increased from $695.10 to $695.70.

Source: Revenue Quebec website