Québec Parental Insurance Plan (QPIP)
QPIP pays benefits to eligible employees taking maternity, paternity, adoption or parental leaves. This plan replaces the coverage provided under the federal employment insurance program.
Employees and employers must now make contributions to QPIP on every paycheque (see the Revenu Québec web site for exceptions).
If you have an existing company, you need to set up your business to track QPIP deductions.
If you are starting a new Quebec company, Sage 50 Accounting creates two QPIP accounts for you:
- 2212 QPIP Payable
- 5425 QPIP Expense
These accounts are automatically linked to the appropriate payroll linked accounts boxes. All you need to do is ensure that you have turned on the option to deduct QPIP in the employee records and set up Revenu Québec as a remittance vendor.
Note: If you did not create your company accounts using the suggested Sage 50 Accounting accounts template, you will need to create these accounts and link the accounts yourself.
If you have set up payroll expense groups, you need to link the QPIP Expense account to the QPIP line on the Linked Accounts Taxes tab.