What is the EI premium rate and how does it affect me?

affect ei Premium rate
0
Posted

What is the EI premium rate and how does it affect me?

0

As of January 1st, 2009 you must pay EI premiums on all your earnings up to the annual maximum salary of $42,300. The EI premium rate is set to $1.73 for every $100 of salary until $42,300 has been reached. The maximum contribution amount will be $731.79. As for employees working in Quebec, the EI premium rate is set to $1.38 for every $100 of salary until $42,300 has been reached. The maximum contribution amount will be $583.74 for these individuals. To know more about EI premiums for 2009… To know more about EI premiums for 2008… There is no age limit for deducting EI premiums. In fact, if you are working in insurable employment, your employer deducts from you salary the applicable EI premiums, whatever your age. To know more on payroll deductions…

Related Questions