A-29.011 - Act respecting parental insurance

Section 64 Disposition versions

2006-01-01

64. Subject to section 65, a person to whom section 51 applies for a year is required to pay a premium for that year that is equal to the lesser of

(1)  the product obtained by multiplying the premium rate referred to in subparagraph 1 of the first paragraph of section 6 by the aggregate of the amounts each of which is equal to the eligible wages of the person for the year, in respect of an employment, in relation to an establishment of the employer in Canada outside Québec; and

(2)  the product obtained by multiplying the premium rate referred to in subparagraph 1 of the first paragraph of section 6 by the amount by which the maximum insurable earnings for the year exceed the quotient obtained by dividing the total deductions at source made from the person’s wages as an employee for that year under this chapter by that rate.

For the purposes of subparagraph 2 of the first paragraph, the total deductions at source must be reduced by the premium overpayment, if any, determined in accordance with the first paragraph of section 68.

2001, c. 9, s. 64; 2005, c. 13, s. 38.