Proposed EI Premium Rates for 2017 and Subsequent Years

Starting in 2017 the annual EI premium rate will set at a seven year break-even rate.

EI premiums will not be higher than needed to pay for the forecasted EI program over the seven-year period. Because rates increased in 2011, 2012, and 2013, the seven-year averaging method will result in a decrease in 2017 followed by a gradual increase.

The proposed rates are as follows:

Reported by Jenifer Profitt, DFA-Bookkeeping Service Specialist. Jenifer is based in Pickering, ON and provides support to students of the Knowledge Bureau Advanced Payroll course.