EI rates to rise in 2018
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The CEIC also announced that for residents of Quebec covered under the Quebec Parental Insurance Plan (QPIP), premiums will be reduced by $0.36 per $100 of insurable earnings. As such, they will pay $1.30 per $100 of insurable earnings. EI premium rates are lower for residents of Quebec, because the province of Quebec administers its own parental insurance plan, which is financed by Quebec workers and their employers.
The CEIC’s EI premium rate-setting reports are available at the following links:
2018 Actuarial Report on the Employment Insurance Premium Rate
Summary of the Actuarial Report on the Employment Insurance Premium Rate
Statement on Employment Insurance Rate Change for 2018 by the Minister of Finance and the Minister of Families, Children and Social Development
Canada Employment Insurance Commission
