It depends on your business and how you pay yourself.
• If you pay yourself like an employee, Paid Leave considers you an employee and you pay into the program like all other employees.
• If you pay yourself like an employee and you are the only employee of your business, you are a small employer because you have fewer than 25 employees. This means you don’t have to pay the employer portion. The contribution rate has been set for 2023 at 1%. Employees pay 60% of this rate. As the only employee, you pay the employee contribution.
• If you pay yourself as someone who is self-employed, then Paid Leave doesn’t automatically cover you. This means you don’t have to pay into the program and you don’t get the benefits. You can choose coverage. If you choose coverage, you will pay 0.6% of your annual net income from self-employment in contributions, up to a maximum of $132,900 in income for 2023. You can choose coverage now. If you have chosen coverage, you can apply for leave beginning Aug. 14, 2023.