The Canada Employment Insurance Commission has recently confirmed the 2017 EI premium rates. So, how will that impact your organizations’ plan? Well, let’s start with the numbers:
The employee premium rate will decrease to $1.63 (from $1.88) per $100 of insurance earnings. The maximum employee contribution will also decrease to $836.19 from $955.04 in 2016. Meanwhile, the new employer premium rate is lower at 1.4X the employee rate and the maximum employer contribution will decrease accordingly.