--000000000000dae102060e1b603e Content-Type: multipart/alternative; boundary="000000000000dae101060e1b603d" --000000000000dae101060e1b603d Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you for the information. Then we don't need to register for now. Regards, Sam Naffaa, CMA 905.337.1288 *Please note my email has changed:* hcao.accounting@TheKey.com TheKey.com [image: TheKey] On Wed, Jan 3, 2024 at 7:34=E2=80=AFPM Irin Eva wrote= : > Hi Sam, > > Total 2023 remuneration in Winnipeg: > > Gross Pay(Taxable) : $1692234.34 > > Net Pay: $1341973.19 > > [image: image.png] > > Thanks, > Irin > > > > On Wed, Jan 3, 2024 at 3:36=E2=80=AFAM Sam Naffaa > wrote: > >> *Hi Irin, Please see from information below about the EHT in MB. We need >> to know the total 2023 remuneration in MB. Please send it to me. * >> >> Effective January 1, 2008, the Health and Post Secondary Education Tax >> Levy Act (also known as HE Levy) exemption increased from $1 million to >> $1.25 million and the reduced tax range increased to between $1.25 milli= on >> and $2.5 million (from between $1 million and $2 million). Employers, >> including employers that are *part of an associated group*, whose total >> annual remuneration falls below $1.25 million will be exempt from the HE >> Levy. If the total annual remuneration falls between $1.25M. >> >> Employers with a total remuneration surpassing $4 million annually are >> taxed at the basic rate of 2.15% on the entire amount. This means the >> initial $2 million is not exempt. >> >> For example, the tax payable on remuneration of $5.5 million would be >> ($5,500,000 X exemption prorated for part-year 2.15%) =3D $118,250. >> >> There are also notch rate considerations that need to be considered. >> Employers with total remuneration ranging from $2 million to $4 million >> annually are only taxed on the portion exceeding $2 million, at the notc= h >> tax rate of 4.3%. >> >> For example, on remuneration of $2.15 million, the tax payable is >> ($2,150,000 - $2,000,000 =3D $150,000) X 4.3% =3D $6,450. >> >> It is important to note that entities within an associated group, which >> includes corporate partnerships, are treated as a unified employer. For >> instance, if Corp. A disbursed $1,000,000 in remuneration, and Corp. B >> disbursed $1,150,000; the combined remuneration for the associated group= is >> $2.15 million, and the tax liability follows the example provided above. >> Regards, >> Sam Naffaa, CMA >> 905.337.1288 >> *Please note my email has changed:* >> hcao.accounting@TheKey.com >> >> TheKey.com >> [image: TheKey] >> >> >> >> >> >> >> >> On Tue, Jan 2, 2024 at 7:14=E2=80=AFPM Irin Eva wr= ote: >> >>> Hi Sam, >>> >>> I am not sure either. They actually emailed me. I will call them to >>> confirm. >>> >>> Thanks, >>> Irin >>> >>> On Tue, Jan 2, 2024 at 5:25=E2=80=AFAM Sam Naffaa >>> wrote: >>> >>>> Hi Irin, >>>> What do they mean by registration number? We use the business number t= o >