Effective January 1, 2006, QPIP pays benefits to eligible employees taking maternity, paternity, adoption or parental leaves. This plan replaces the coverage provided under the employment insurance program.
Employees and employers must now make contributions to QPIP on every paycheque (see the Revenue Quebec web site for exceptions).
If you have an existing company, you need to set up your business to track QPIP deductions.
If you are starting a new company in Quebec, Sage Simply Accounting creates two QPIP accounts for you:
These accounts are automatically linked to the appropriate payroll linked accounts boxes. All you need to do is ensure that you have turned on the option to deduct QPIP in the employee records and assigned Revenue Quebec as a payroll authority.
Note: If you did not create your company accounts using the suggested Sage Simply Accounting accounts template, you will need to create these accounts and link the accounts yourself.
If you have set up payroll expense groups, you
need to link the QPIP Expense account to the QPIP line on the Linked Accounts
Taxes tab.