What is HSF Quebec?
note. You must pay a contribution to the health services fund corresponding to the total salaries or wages subject to the contribution that you pay to your employees multiplied by the applicable contribution rate. The rate is based on your total payroll for the year and your sector of activity.
What is the HSF rate for 2022?
The rate is reduced to 1.25% for employers in the primary and manufacturing sectors. When the payroll exceeds $1M, the rate increases gradually up to 4.26% when the payroll reaches $6.5M16. Threshold for 2021. This will be increased to $7M in 2022 and will be indexed annually as of 2023.
How is Quebec HSF calculated?
To calculate your Worldwide Wage amount to determine your QHSF rate, add the total salaries and wages paid in the year and the total salaries and wages paid by any associated employer (even if the associated employers carry out their activities outside of Quebec).
How is HSF rate calculated?
Health Services Fund (Québec)
The letter “P” represents the result obtained by dividing the employer’s total payroll for the calendar year by one million dollars. For example, if an employer’s total payroll is $1,500,000 “M” corresponds to 1.5. The contribution rate will then be 1.867 % (e.g., [1.5 x 0.4350] + 1.215).