EI increases January 1, 2011
Posted December 20, 2010 10:47 am.
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Your first paycheque in the new year will be a little smaller than usual because the amount deducted for employment insurance will increase.
EI premiums will increase to $1.78 for every $100 of insurable earnings and overall, that is an increase of five cents.
It was announced in September 2010 that the increase in EI premiums for 2011 will be limited to five cents per $100 of insurable earnings and ten cents for subsequent years.
“(It’s) to help Canadian workers and employers overcome the challenges posed by the 2008 global financial crisis, the Harper Government acted in Canada’s Economic Action Plan to freeze EI premiums for 2009 and 2010 at their lowest level since 1982,” Minister of Finance Jim Flaherty said.
“To maintain the momentum of Canada’s economic recovery, our Government will reduce the recommended EI rate increase by two-thirds.”
The rate is different in Quebec than in the rest of Canada because Quebec has assumed responsibility for maternity and parental benefits.
