Maximum EI contributions for 2019 have been announced
Employment Insurance (EI) premium rates will decrease in 2019. The Canada Employment Insurance Commission (CEIC) has announced the 2019 EI premium rates for employees and confirmed that federal rates will be lowered to $1.62 (from $1.66) per $100 of insurable earnings in 2019. Accordingly, the maximum insurable earnings for 2019 will increase to $53,100 (from $51,700).
Download this edition of TaxNewsNOW to learn more.
Information is current to September 18, 2018. The information contained in this publication is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's National Tax Centre at 416.777.8500