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EI Premium Rates Continue to Drop in 2020

EI Premium Rates Continue to Drop in 2020

Federal EI rates are set to hit $1.58 per $100 of insurable earnings up to $54,200 in 2020.


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​Employment Insurance (EI) premium rates will decrease again in 2020. The Canada Employment Insurance Commission (CEIC) has announced the 2020 EI premium rates for employees and confirmed that federal rates will be lowered to $1.58 (from $1.62) per $100 of insurable earnings in 2020. Accordingly, the maximum insurable earnings for 2020 will increase to $54,200 (from $53,100).

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This information is current to September 17, 2019. 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

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