2015 Social Security Programs ParametersLinkedIn
There, in black and white
NB Bulletin Vol. 18 N. 1, January 2015
As in previous years, we inform you about the parameters that will be used by the major social security programs in 2015.
Quebec Pension Plan and Canada Pension Plan
The Employment Insurance premium rate for employees in Quebec increases by $0.01 per $100 of insurable employee earnings effective January 1st, 2015. The premium rate for employees in Quebec therefore increases from $1.53 to $1.54. As for employers, they continue to contribute 1.4 times the employee rate so their premium rate will move up from approximately $2.14 to $2.16. These rates consider the Quebec Parental Insurance Plan (QPIP) in place since January 1st, 2006.
The Employment Insurance premium rate for employees outside Quebec remains at $1.88 per $100 of insurable employee earnings for 2015 and the employers continue to contribute 1.4 times the employee rate, for a premium rate of approximately $2.63 per $100 of insurable employee earnings.
The maximum insurable earnings increase from $48,600 to $49,500 for 2015.
Employer contributions can be further reduced for those offering a salary continuation program (SCP) registered with the Employment Insurance Commission. There are four types of SCPs each offering a unique Employment Insurance premium rate reduction:
Type 1: SCP based on the accumulation of paid sick days of at least one day per month and a maximum of at least 75 days.
Type 2: SCP based on the accumulation of paid sick days of at least one day and 2/3 per month and a maximum of at least 125 days.
Type 3: SCP providing a weekly indemnity1 for at least 15 weeks.
Type 4: SCP providing a weekly indemnity1 for at least 52 weeks (this reduction is only available to employers of public and para-public sectors).
Quebec Parental Insurance Plan (QPIP)
The QPIP contribution rates remain unchanged for 2015. These rates are 0.559% for employees, 0.782% for employers and 0.993% for self-employed workers. The maximum insurable income increases from $69,000 to $70,000 for 2015.
Health Services Fund Contribution
The current contribution rate remains unchanged for 2015. This rate is set at 4.26% of total payroll for certain public sector employers and for companies with a total payroll of more than $5 million. For companies with a total payroll of less than $1 million, the rate is set at 2.70% of total payroll. For companies which have a total payroll of more than $1 million but less than $5 million, the rate is a function of total payroll and ranges from 2.70% to 4.26% of total payroll according to the following formula:
Note that some employers of the primary sector and the manufacturing sector are now eligible to a reduced contribution rate.
Commission de la santé et de la sécurité du travail
The contribution rate to the Commission de la santé et de la sécurité du travail is determined according to the type of industry and, if applicable, to the claims experience. The maximum earnings for the income replacement benefit increase from $69,000 to $70,000 for 2015.
Commission des normes du travail
The current contribution rate remains unchanged for 2015, and is set at 0.08% of earnings subject to contribution. The maximum earnings subject to contribution increase from $69,000 to $70,000 for 2015.
In Quebec, the minimum hourly wage is currently at $10.35 until April 30, 2015 and will increase to $10.55 effective May 1st, 2015.
1The SCP weekly indemnity must be at least equal to the benefits provided by the Employment Insurance.
Please feel free to contact us for additional information.
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