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.
- 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
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