Human Resources Legislative Update
2015 EI Maximum Insurable Earnings Rate Set
Date: September 18, 2014
On September 12, 2014, the Canada Employment Insurance Commission (“CEIC”) announced that the 2015 Employment Insurance (“EI”) Maximum Insurable Earnings rate will increase to $49,500 from $48,600 in 2014.
Premiums will be reduced by $0.34 per $100 of insurable earnings for residents of Quebec covered under the Quebec Parental Insurance Plan. Accordingly, those residents will pay $1.54 per $100 of insurable earnings. In addition, premiums will be reduced for employers registered under the Premium Reduction Program, and will range from $0.19 to $0.36 per $100 of insurable earnings.
The CEIC’s EI premium rate setting reports are available on the Employment and Social Development Canada website.
