Share with your friends

Canada: No change to employment insurance premium rates (COVID-19)

Canada: No change to employment insurance premium rates

The government of Canada confirmed that it will temporarily freeze the federal employment insurance premium rates for 2021 and 2022 at current levels. This step is being taken in an effort to address economic implications of the coronavirus (COVID-19) pandemic.


Related content

  • The employment insurance premium rates for employees will remain at $1.58* per $100 of insurable earnings in 2021 and 2022.
  • The maximum insurable earnings for 2021 will increase to $56,300 (from $54,200). This will result in an annual cash increase in the employment insurance contribution:
    • For employees—$33.18
    • For employers—$46.76

Read a September 2020 report prepared by the KPMG member firm in Canada

*$=Canadian dollar

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor 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 on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


loading image Request for proposal