Rates and maximums for 2007

New CPP, EI and WCB rates
|hrreporter.com|Last Updated: 11/14/2006

EI rates

The Employment Insurance (EI) premium rate for employees in all parts of Canada but Quebec will go down from 1.87 per cent to 1.8 per cent, beginning January 1, 2007. The employer rate will be 1.4 times the employee rate, or 2.52 per cent, down from 2.62 per cent in 2006, unless the employer has been approved for a reduced rate.

In Quebec the employee EI premium rate will be 1.46 per cent, down from 1.53 per cent. The employer rate will be 2.04 per cent, down from 2.14 per cent. The rates for Quebec differ because of the Quebec Parental Insurance Plan, which came into force Jan. 1, 2006. Employees and employers in the province contribute to that plan for maternity, paternity, parental and adoption benefits and, as a result, pay EI premiums only for other EI benefits (e.g., regular, sickness, compassionate care).