Payroll tax rates and thresholds for Canada’s province of Quebec are to be adjusted in 2022, the province’s tax agency said.
The Quebec Pension Plan contribution rate for both employers and employees is 6.15% in 2022, Revenu Quebec said in the 2022 Formulas to Calculate Source Deductions and Contributions. The contribution rate consists of a 5.4% base rate and an additional rate of 0.75% in 2022, up from 0.5% in 2021, the agency said.
The maximum pensionable wages for QPP contributions in 2022 are C$64,900 (U.S. $50,482.26), up from C$61,600 in 2021. After subtracting a C$3,500 exemption the maximum ...
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