Your EI Premiums Are Going Down Next Year

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

 

Posted in News, Scott Fox