Ontario Health Premiums are calculated based on employee earnings in excess of what amount?

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Prepare for the Canadian Payroll Compliance Legislation Exam. Study with multiple choice questions, each accompanied by hints and explanations. Get ready for your certification exam!

Multiple Choice

Ontario Health Premiums are calculated based on employee earnings in excess of what amount?

Explanation:
Ontario Health Premiums are calculated on the portion of an employee’s earnings that exceeds a set threshold. That threshold is $20,000, so only earnings above $20,000 are used to determine the premium. For example, if someone earns $28,000, the premium is based on $8,000 of excess earnings; if earnings are $19,000 or less, no Ontario Health Premium is deducted. The key point is that the premium applies to the amount of earnings over $20,000, not to total earnings.

Ontario Health Premiums are calculated on the portion of an employee’s earnings that exceeds a set threshold. That threshold is $20,000, so only earnings above $20,000 are used to determine the premium. For example, if someone earns $28,000, the premium is based on $8,000 of excess earnings; if earnings are $19,000 or less, no Ontario Health Premium is deducted. The key point is that the premium applies to the amount of earnings over $20,000, not to total earnings.

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