If, for a pay period, you pay a member of your board of directors who is resident in Canada both directors' fees and a salary or wages, add the value of the fees to the salary and make an income tax withholding in the usual way. If you are using the mathematical formulas, include the fees in variable G.
You are not required to withhold income tax if you pay only directors' fees to such a director and you estimate that the value of the fees for the year will not exceed the total of the amounts indicated by the director on lines 10 and 19 of form TP-1015.3-V (or $9,555 if he or she did not complete the form).
Otherwise, you must withhold income tax using the method explained below. (You must also use this method if the director entered the deduction code "0" on form TP-1015.3-V.)
Determine the amount of income tax to withhold as follows:
The result is the amount of income tax to withhold from the directors' fees.
Directors who are not resident in Canada
If you pay directors' fees to a director who is not resident in Canada, contact Revenu Québec.