Highlights of federal reporting requirements

The CRA would like to emphasize to employers who have employees working in Quebec the following points regarding federal reporting requirements when QPIP is implemented:

• All employers who have employees working in Quebec deduct a reduced EI premium rate for employees as of January 1, 2006. In December, of each year, the CRA will provide employers with tables of the reduced EI rate for the following year.
• Employers are required to report the QPIP premiums, insurable earnings, and exempt status on the revised T4 slips.
• The CRA and Revenu Québec will reconcile adjustments to EI and QPIP premiums for trans-border employees. Adjustments between the EI and QPIP deductions will be resolved when clients file their income tax and benefits return.
• The EI maximum insurable earnings will remain the same for all provinces and territories and will continue to be set by the federal government.

Note
For all information on QPIP regarding the implementation, administration, rates, maximum insurable earnings, payment of benefits or how to complete the Quebec information slips, visit the Revenu Québec Web site.