Employment Insurance Rates
Published by CME Manitoba on September 20, 2018
On September 13, 2018, the Canada Employment Insurance Commission (CEIC) announced that the 2019 EI premium rate will be $1.62 per $100 of insurable earnings – a decrease of 4 cents for employees compared to the 2018 rate, and a decrease of 5 cents to $2.27 for employers who pay 1.4 times the employee rate.
EI premium rates for residents of Quebec, who are separately covered under the Quebec Parental Insurance Plan (QPIP), will be reduced by $0.37 per $100 of insurable earnings, to a premium rate of $1.25 ($1.75 for employers).
Taking account of the rise in Maximum Insurable Earnings for 2019 to $53,100 (from $51,700), the maximum annual EI contribution for a worker will increase by $2.00 to $860.22 (up $2.80 for employers to $1204.31 per employee). In Quebec, the maximum annual contribution for a worker will decrease by $8.35 to $663.75 (down $11.69 for employers to $929.25 per employee).
The CEIC sets the premium rate each year based on the seven-year break-even rate, which is a rate forecast to balance the EI Operating Account over a seven-year horizon, including the elimination of any cumulative surplus or deficit.
Particulars of 2019 rate-setting may be found at these links:
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