Calculate net pay for an employee in Quebec the has regular earnings and taxable benefits. Us the Payroll template below:

Marc Potvin is an accounts payable administrator for a large retail clothing chain in Qubec.

He earns $33,000.00 annually, paid bi-weekly. Marc's TD1 claim code is 1 and his

TP1015.3-V deduction code is A.

As part of the 100% employer-paid benefit package, Marc has group term life insurance

Coverage of two times his annual salary. The company pays $0.85 per $1,000 of coverage

For the group term life insurance coverage.

Each administrative staff member receives an employer-paid parking spot at head office,

Located in downtown Montral, where the fair market value of parking in the vicinity is

$250.00 per month, plus tax. Parking benefits are assessed on a pay period basis. Marc

Receives a taxable car allowance of $75.00 per pay for using his own automobile for

Business purposes.

Template for Calculating net pay.

Step One: Determine the Gross Earnings

Gross Earnings: Earnings + taxable allowances + non-taxable allowances + cash taxable benefits =

Step Two: Determine the non-cash taxable benefits.

Non-cash taxable benefits =

Step Three: Determine the Canada Pension Plan Contribution

Not applicable because this is in Quebec.

Step Four: Determine Employment Insurance (EI) Premium

Step Five: Determine Quebec Parental Insurance Plan (QPIP) Premium

Step Six: Determine Federal Income Tax

Step Seven: Determine Provincial Income Tax

TD1 claim code is 1 and his

TP1015.3-V deduction code is A.

Step Eight: Determine Northwest Territories/Nunavut Payroll Tax

Not Applicable because Andrew is not in NWT/Nunavut.

Step Nine: Total Deductions

Step Ten Net Pay

Net Pay = Gross Earnings - Total Deductions