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