Human Resources Legislative Update
2018 EI Premium Rate, Maximum Insurable Earnings Set
Date: October 17, 2017
The Canada Employment Insurance Commission (CEIC) has set the 2018 Employment Insurance (EI) premium rate at$1.66 per $100 of insurable earnings. This represents a 3 cent increase for employees over the 2017 rate, and 4 cents for employers who pay 1.4 times the employee rate.
For Quebec residents covered under the Quebec Parental Insurance Plan, premiums will be reduced by $0.36 per $100 of insurable earnings. As such, they will pay $1.30 per $100 of insurable earnings.
The Maximum Insurable Earnings for 2018 will increase to $51,700 from $51,300 in 2017.
The CEIC’s EI premium rate setting reports are available on the Employment and Social Development Canada website.