The Canada Employment Insurance Commission says employment insurance (E.I.) premiums will be lower than expected next year. The commission says the rate will be $1.62 per $100 of insurable earnings, which is four cents lower than anticipated. Finance Minister Bill Morneau and Jean-Yves Duclos, (minister for families, children and social development), say in a joint statement that the E.I. premium rate has been reduced ”thanks to a strong and growing economy.” The change won’t be reflected on people’s paycheques until January.
Photo Credit: Government of Canada