Quebec 1% Tax Law Projections

From
Abby Cnossen <acnossen@thekey.com>
To
Joey Taylor <joey.taylor@thekey.com>, Timothy Thomas <tt@thekey.com>
CC
Amanda Fults <amanda.fults@thekey.com>
Date
Tue, 12 Aug 2025 12:30:59 -0400
Folder
INBOX
 --000000000000a284b2063c2d9113 Content-Type: text/plain; charset="UTF-8" Hello Tim and Joey, I am writing to provide an update on our progress in meeting the 1% training tax requirement for 2025, including the latest calculations and supporting data. We have calculated CSM visits that qualify as training when caregivers are present on shift with clients, and have also gathered information regarding orientation sessions. Assuming 2025 revenue matches that of 2024, the estimated amount owed for the 1% training tax is *$53,000* (rounded up to the nearest $1,000). - Training credit year to date: *$14,000* (rounded down to the nearest $1,000) - Projected total training expenditures for the year: *$24,000* (rounded down to the nearest $1,000) - Projected deficit: *$29,000* - Carryover amount from 2024: *$2,500* In an effort to maintain comprehensive and up-to-date records and to minimize last-minute data collection, I kindly request that you provide any additional training or travel expenses that may apply. Please find the detailed breakdown here: *2025 Activities Summary* Thank you for your attention to this matter. Sincerely, -- *Abby Cnossen* Manager of Quality and Service Call or text: 616-271-8243 TheKey.com --000000000000a284b2063c2d9113 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hello Tim and Joey, I am writing to prov= ide an update on our progress in meeting the 1% training tax requirement fo= r 2025, including the latest calculations and supporting data. We have calculated CSM visits that qualify as training when caregivers a= re present on shift with clients, and have also gathered information regard= ing orientation sessions. Assuming 2025 revenue matches that of 2024, the estimated amount owed fo= r the 1% training tax is $53,000 (rounded up to the neares= t $1,000). Training credit year to date: $14,000 (rounded down to = the nearest $1,000) Projected total training expenditures for the year: $24,000 (rounded down to the nearest $1,000) Projected deficit: $29,000 Carryover amount from 2024: $2,500 In an effort to maintain comprehensive and up-to-date records and to min= imize last-minute data collection, I kindly request that you provide any ad= ditional training or travel expenses that may apply. Please find the detailed breakdown here: 2025 Activities S= ummary Thank you for your attention to this matter. Sincerely, -- Abby Cnossen Manager of Quality and Service Call or text: 616-271-8243 TheKey.com --000000000000a284b2063c2d9113-- 

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