BFL BENEFITS Newsletter – CANADA Employment Insurance Commission Announces 2019 Employment Insurance Premium Rate and Maximum Insurable Earnings


ISSUE 16 | OCTOBER 2018

CANADA EMPLOYMENT INSURANCE COMMISSION ANNOUNCES 2019 EMPLOYMENT INSURANCE PREMIUM RATE AND MAXIMUM INSURABLE EARNINGS

The Canada Employment Insurance Commission, a departmental corporation named in Schedule II to the Financial Administration Act, administers the Employment Insurance Act.

The objective of the Act is to provide employment insurance benefits and employment programs and services to eligible workers.

The financial transactions relating to this objective are reported through the Employment Insurance Operating Account.

 

2019 Premium Rate

The 2019 Employment Insurance (EI) premium rate will be $1.62 per $100 of insurable earnings, a decrease of 4 cents from the 2018 rate of $1.66. For residents of Quebec, the premium rate for 2019 is forecast at $1.25, to account for the fact that the province administers its own parental insurance plan which partially offsets costs to the EI program.

QPIP Premium Reduction

The 2019 QPIP reduction is 37 cents, meaning the premium rate that could be set for residents of Quebec in 2019 is $1.25 per $100 of insurable earnings.

Maximum Insurable Earnings (MIE)

The MIE for 2019 is $53,100, up from $51,700 in 2018.

 

SUMMARY OF 2018 EI PROGRAM CHANGES

Through Budget 2018, the Government announced additional improvements to EI, including:

Making the current EI Working While on Claim pilot project rules permanent, effective August 12, 2018. The current pilot project allows claimants to keep 50 cents of their benefits for every dollar they earn, up to a maximum of 90% of the weekly insurable earnings used to calculate their EI benefit amount.
Extending the Working While on Claim provisions to EI maternity and sickness benefits, effective August 12, 2018, so that mothers and those dealing with an illness or injury have greater flexibility to stage their return to work and keep more of their EI benefits.
Additional funding and supports for workers in seasonal industries affected by a loss of income in the off-season, provided through bilateral Labour Market Development Agreements with provinces and territories.
Introducing a new EI Parental Sharing Benefit to promote gender equality, which will provide additional five weeks of parental benefits when parents agree to share parental benefits.
In addition, on June 29, 2018, in response to the U.S. tariffs imposed on Canadian steel and aluminum, the Government of Canada announced additional funding to extend Work-Sharing agreements, a job retention program, and additional investments in Labour Market Development Agreements for provincial and territorial delivered skills training and employment services to support affected workers and their employers.

 

ABOUT US

BFL CANADA is one of the largest Canadian privately held commercial insurance brokerage, risk management and employee benefits consulting services firm.

A subsidiary of BFL CANADA, BFL CANADA Consulting Services Inc. (BFL CSI) is a well-known and respected benefits consulting firm with more than 30 years of expertise.

 

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