CEIC announces 2018 EI premium rate and maximum insurable earnings

The Canada Employment Insurance Commission (CEIC) today announced that the Employment Insurance (EI) premium rate for 2018 is $1.66 per $100 of insurable earnings for 2018. This represents a 3 cent increase for employees over the 2017 rate, and 4 cents for employers who pay 1.4 times the employee rate.

The CEIC also announced toady 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 has also made public today the EI premium rate setting reports which 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