--0000000000003c4737060e0c5910 Content-Type: multipart/alternative; boundary="0000000000003c4735060e0c590f" --0000000000003c4735060e0c590f Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 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 millio= n > 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 notch > 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 wro= te: > >> 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 to >>> report the EHT. >>> Regards, >>> Sam Naffaa, CMA >>> 905.337.1288 >>> *Please note my email has changed:* >>> hcao.accounting@TheKey.com >>> >>> TheKey.com >>> [image: TheKey] >>> >>> >>> >>> >>> >>> >>> >>> On Fri, Dec 29, 2023 at 2:16=E2=80=AFAM Irin Eva = wrote: >>> >>>> Hi Sam, >>>> >>>> This has been set up in Ceridian, but Ceridian mentioned tha