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What this does
Short meanings for the terms used on pay stubs, remittances and reports.
Terms
CPP. Canada Pension Plan. Employees and employers each pay contributions on earnings up to a yearly limit. It applies everywhere except Quebec.
CPP2. The second CPP contribution. It applies to earnings above the first yearly limit, up to a second limit.
QPP. Quebec Pension Plan. It replaces CPP for employees in Quebec. QPP2 is the second contribution.
EI. Employment Insurance. Employees pay premiums. The employer pays 1.4 times the employee's premium, or a reduced rate under a premium reduction plan.
QPIP. Quebec Parental Insurance Plan. In Quebec, QPIP premiums are paid with a reduced EI premium.
Remitter type. How often you pay CRA, set by CRA from your average monthly withholding. In SeroPayroll: Quarterly, Regular (monthly), Accelerated threshold 1 (twice a month) and Accelerated threshold 2 (up to four times a month).
PD7A. The CRA remittance voucher for source deductions. SeroPayroll's CRA worksheet has the same figures.
TPZ-1015. The Revenu Québec remittance form. SeroPayroll gives a worksheet with the same figures.
EHT. Employer health tax. A provincial tax on payroll. SeroPayroll prices it for Ontario, British Columbia, Manitoba, and Newfoundland and Labrador.
HSF. Health Services Fund. A Quebec employer contribution on payroll. It is a line on the Revenu Québec worksheet.
WCB. Workers' compensation board. Employers pay premiums by industry class. Each province has its own board.
WSIB. The Ontario workers' compensation board.
CNESST. The Quebec workers' compensation body. Its premiums follow the Revenu Québec remittance.
Good to know
- The app works out the employee and employer amounts for each of these.
- Yearly limits and rates come from the signed tax tables. See Tax tables and updates.