Employment Insurance (EI) premium rates are set to hold steady in 2022. The Canada Employment Insurance Commission (CEIC) has announced that the EI premium rates for employees will remain at $1.58 per $100 of insurable earnings in 2022. However, the maximum insurable earnings for 2022 will increase to $60,300 (from $56,300) resulting in an annual cash increase in the EI contribution for employees of $63.20 and $88.48 for employers.
Download this edition of TaxNewsNOW to learn more.
Information is current to September 20, 2021. 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