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Quebec — Health Services Fund credit extended

Quebec — Health Services Fund credit extended

Eligible employers can claim HSF credits for employees on paid leave until March 13, 2021

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Quebec is further extending the employer contribution credit to the Health Services Fund (HSF credit) for employees on paid leave during COVID-19. Employers with an establishment in Quebec that qualify for the Canada Emergency Wage Subsidy (CEWS) for a qualifying period can now claim HSF credits until March 13, 2021 to match the recent extension of the CEWS.

Background

This HSF credit is available to "specified employers" who can benefit from the CEWS and who maintain an establishment in Quebec. The credit applies to employees on paid leave during COVID-19 and is intended to offset an employer's HSF contributions, which are not covered by the CEWS.

The extension of the HSF credit follows Finance's recent extension of the CEWS to March 13, 2021. The employer contribution credit to the HSF was previously extended to December 19, 2020, following Finance's earlier CEWS extension.

For more information, contact your KPMG advisor.

Information is current to January 25, 2021. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500

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