LAWS & ANNOUNCEMENTS
Nov. 15: A newly tabled private member bill (#999) proposes LSA changes to protect employees from burnout and help them balance work and family obligations:
- Employee right to refuse overtime and know their work schedule at least 7 days in advance
- Addition of 2 statutory holidays (March 8 and May 1)
- 3 weeks’ vacation after 1 year of employment and 4 weeks after 2 years
- 10 paid social leaves.
Nov. 15: Bill 152 proposes changes to various labour laws to minimize collusion and corruption in the awarding of public construction contracts, including:
- Duty of public contractors to report incidents of violence and intimidation at sites to CCQ
- Broader CCQ powers to investigate such incidents
- Ban on reprisals against employees for reporting wrongdoing to CCQ
- 6 year term limits on CCQ directors and ban on managers of employer or union associations banned from serving as CCQ and CNESST directors.
2018 QPP Contribution Rates
|Maximum pensionable earnings||$55,900||$55,300|
|Employee/Employer maximum contribution||$2,829.60||$2,797.20|
|Self-employed maximum contribution||$5,659.20||$5,594.40|
|Basic annual exemption||$3,500||$3,500|
2018 QPIP Premium Rates
|Maximum insurable earnings||$74,000||$72,500|
|Employee premium rate||0.548%||0.548%|
|Employer premium rate||0.767%||0.767%|
|Self-employer premium rate||0.973%||0.973%|
|Maximum employee premium||$405.52||$397.30|
|Maximum employer premium||$567.58||$556.08|
|Maximum self-employed premium||$720.02||$705.43|
Nov. 2: A Québec version of the new federal CPP model, newly proposed Bill 149 would establish a supplemental QPP plan starting Jan. 1, 2019. Key features of the supplemental plan:
- Increase in the retirement pension from 25% to 33.3%
- Increases in disability pension and surviving spouse’s pension
- Gradual increase in contributions over 7 years (2019 to 2025)
- 14% increase to maximum pensionable earnings (MPE).
Dec. 31: That’s the deadline to provide employees access to a voluntary retirement savings plan if you had at least:
- 5 eligible employees on Dec. 31, 2016; and
- 10 or more eligible employees on June 30, 2017.
Meanwhile, the VRSP default contribution rate for employees that don’t select investment options within 60 days of enrolling also rises from 2% to 3% on Jan. 1, 2018.
Dec.: New RQ forms and publications:
- TP-1015.F-V, Formulas for Calculating Source Deductions and Contributions
- TP‑1015.G‑V, Guide for Employers: Source Deductions and Contributions
- TP‑1015.TR‑V, Source Deduction Tables for QPP Contributions
- TP-1015.TA-V, Table for Québec Parental Insurance Plan Premiums
- TP‑1015.TI‑V, Source Deduction Table for Québec Income Tax
- TP-1015.3-V, Source Deductions Return
- ED‑425‑V, Tax Preparers’ Guide: RL Slips
- IN‑253‑V, Taxable Benefits.