Understanding Your EHT Monthly Account Summary/Notice of Assessment

Bulletin
Published: April 2012
Content last reviewed: April 2012
ISBN: 978-1-4435-9469-1 (HTML)

In the Year - to - Date Summary section, payments are displayed in the Credit/Payment Applied column.

If your payment is greater than the Instalment Amount

The amount displayed in the Credit/Payment Applied column (A) will never exceed the Instalment Amount. If the payment amount is greater than the Instalment Amount, the credit will be displayed in the Balance column (B) of the Year-to-Date Totals. The total payment is displayed at the top of the Account Summary/Notice of Assessment (C). The credit will also be noted on line 3 of the Employer Health Tax Instalment Statement (D).

Example 1

September, 2011 Instalment Amount is $1,365.00 with a $1,565.00 payment. The October Account Summary/Notice of Assessment will reflect this as follows:

If your payment is less than the Instalment Amount

If the payment amount is less than the Instalment Amount, the total amount paid will be displayed in the Credit/Payment Applied column (A) and the debit balance reflected in the Balance column of the Year - to - Date Summary (B). This debit will also be displayed in the Balance column of the Year - to - Date Totals (C) and the total payment reflected at the top of the Account Summary/Notice Assessment (D). The debit will also be noted on line 3 of the Employer Health Tax Instalment Statement (E).

Example 2

September, 2011 Instalment Amount is $1,365.00 with a payment of $1,165.00 and there is not enough credit on account to cover. The October Account Summary/Notice of Assessment will reflect this as follows:

If your payment is less than the Instalment Amount but there is a credit on your account

If the payment amount is less than the Installment Amount and there is a credit on the account as shown in the previous months statement (see Example 1), this credit will be added to the payment and displayed as one total in the Credit/Payment Applied column (A). The total payment amount will be displayed at the top of the Account Summary/Notice of Assessment (B).

Example 3

October, 2011 Instalment Amount is $1,560.00 with a payment of $1,360.00 and there is enough credit on the account to cover the $200.00 difference. The November Account Summary/Notice of Assessment will reflect this as follows:

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