PPIP/QPIP Adjustment Options

NOTE: PPIP/QPIP discrepancies are adjusted to and from tax deducted.

Option G - Adjust QPIP/PPIP premiums if over annual maximum (select alone or with option H or I)

If this option is selected, the QPIP/PPIP will only be adjusted if it is greater than:

$464.36, calculated as ($94,000.00 x 0.494%)

Option H - Adjust QPIP/PPIP premiums based on Insurable Earnings (select only one of options H and I)

If this option is selected, the QPIP/PPIP premiums will be calculated as:

QPIP/PPIP Insurable Earnings x 0.494%

(Gross Pay will be used If QPIP/PPIP Insurable Earnings have not been entered)

Option I - Adjust insurable earnings based on QPIP/PPIP deducted (select only one of options H and I)

This option assumes the entered amount for QPIP/PPIP deducted is correct. When this option is selected, QPIP/PPIP insurable earnings will be calculated as the minimum of:

(QPIP/PPIP deducted / 0.494%) ...OR... ($94,000.00) ...OR... (Employment income)