|
T2
575 Quebec credits and deductions
  Quebec Tax Credit for the Reporting of Tips in 2008 |
| Program(s) affected: |
T2 |
 |
Document created: |
03 12, 2009 |
| Tax year(s): |
2008 |
Document last modified: |
|
| Version(s): |
12.15 |
Problem status: |
NA |
|
Is DT Max calculating the Quebec Tax Credit for the Reporting of Tips (CO-1029.8.33.13) properly for a corporation with a tax year ending on December 31, 2008?
No, the form used by DT Max is the one released by Revenu Québec for year 2007, therefore the QPIP rate (at LN(33)) and the EI rate (at LN(45)) are incorrect.
In order to be able to obtain the correct results in DT Max for a tax year ending on December 31, 2008, we strongly suggest to use the keywords QPIP-Rate-OV and
EI-Rate-OV with the following percentages:
Example (tax year ending on 12/31/2008):
Note that the QPIP applicable rate that will be displayed on line 33 of the CO-1029.8.33.13
form will remain 0.583%, but the Employer QPIP premium calculated for line 34
will be taking into account the rate (0.630%) we indicated under the QPIP-Rate-OV
keyword.
|