Line 312 - Employment insurance premiums through employment - Examples
Disclaimer
We do not guarantee the accuracy of this copy of the CRA website.
Scraped Page Content
Line 312 - Employment insurance premiums through employment - Examples
Example 1
Michael received a T4 slip showing employment income of $1,900 in box 14 and EI premiums of $35 in box 18.
As Michael's insurable earnings are less than $2,000, the EI premiums of $35 are entered on line 450 of his return. He will not enter any premiums on line 312 of his Schedule 1. We will refund this overpayment to him, or use it to reduce his balance owing.
Example 2
Shawn received a T4 slip showing employment income of $3,000 in box 14 and EI premiums of $50 in box 18.
As Shawn's insurable earnings are more than $2,000, the EI premiums of $50 are entered on line 312 of his Schedule 1. He will not get a refund of the EI premiums as there is not an overpayment of premiums.
Example 3
Tracy received a T4 slip showing EI premiums of $975 in box 18 and worked only in Quebec.
If Tracy was not a resident of Quebec on December 31, 2016, she will report $955.04 at line 312 of her Schedule 1. As she contributed more than $955.04, she will enter the excess amount of $19.96 ($975.00 - $955.04) on line 450 of her return. We will refund this overpayment to her, or use it to reduce her balance owing.
If she was a resident of Quebec on December 31, 2016, she will report $772.16 at line 312 of her Schedule 1. As she contributed more than $772.16, she will enter the excess amount of $202.84 ($975.00 - $772.16) on line 450 of her return. We will refund this overpayment to her, or use it to reduce her balance owing.
Forms and publications
- General Income Tax and Benefit Package - Guide, Returns, Schedules
- T4, Statement of Remuneration Paid
- Date modified:
- 2017-01-03