EI Rate Going Down
The Employment Insurance (EI) premium rate for employees in all parts of Canada but Quebec will go down from 1.95% to 1.87%, beginning January 1, 2006.
11/29/2005|hrreporter.com|Last Updated: 02/16/2006
The employer rate will be 1.4 times the employee rate, or 2.618%, down from 2.73% in 2005, unless the employer has been approved for a reduced rate.
In Quebec the employee EI premium rate will be 1.53%, while the employer rate will be 2.14%.
The maximum insurable earnings will remain $39,000 for 2006. As a result, the maximum employee contribution for next year will be $729.30, while the maximum employer contribution will be $1,021.02. For Quebec employees, the maximum employee EI contribution will be $596.70, while the employer maximum will be $835.38.