Canada: Employment insurance premium rates, no change for 2022

No change to the employment insurance premium rates for 2022

No change to the employment insurance premium rates for 2022

The government of Canada announced in August 2020 that it would temporarily freeze the federal employment insurance premium rates for 2021 and 2022 at the 2020 level, in an effort to address economic implications of the coronavirus (COVID-19) pandemic. Read TaxNewsFlash

The government recently announced no change to the employment insurance premium rates for 2022.

  • The employment insurance 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). This will result in an annual cash increase in the employment insurance contribution:
    • For employees—$63.20
    • For employers—$88.48

Rates for Quebec

In Quebec, the employment insurance premium rates for employees who are residents of Quebec will increase to $1.20 per $100 in earnings for 2022 (up from $1.18). The maximum annual Quebec employee contribution will increase to $723.60 (from $664.34) and the maximum employer contribution will increase to $1,013.04 (from $930.08).

The employment insurance premiums in Quebec are different than the federal rates because Quebec finances its own parental insurance benefits.

Read a September 2021 report [PDF 262 KB] prepared by the KPMG member firm in Canada

*$=Canadian dollar

 

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