WebRate; Employment Insurance (EI) Maximum insurable earnings: $61,500 Maximum employee premium: $1002.45 ... 2024: $15.65 per hour; Saskatchewan Provincial Income Tax. Basic Personal Exemption: $17,661 ... 2024: $15.20 per hour; Yukon Territorial Income Tax. Basic Personal Exemption: $15,000; WebSep 14, 2024 · The Canada Employment Insurance Commission has announced next year’s premiums for employment insurance (EI) and the maximum insurable earnings for 2024. The EI premium rates for 2024 are set at $1.58 per $100 of insurable earnings for employees, and $2.21 for employers. Employers will pay 1.4 times the employee rate — a premium …
Employers’ EI premium rate to be the same in 2024, feds say
WebDec 30, 2024 · EI premiums are going up as well once a two-year federal freeze on increases thaws next year. Premiums are set to rise thereafter from $1.58 per $100 of insurable earnings, to $1.83 by 2027. WebThe EI premium rate for 2024 is $1.58 per $100 of insurable earnings for employees and $2.21 for employers who pay 1.4 times the employee rate, which is unchanged from the 2024 premium rate. CEIC also announced that for residents of Quebec covered under the Quebec Parental Insurance Plan (QPIP), the premium rate of $1.20 per $100 of insurable ... lanoe joseph
Employers’ EI premium rate to be the same in 2024, feds say
WebIf an employee's employment income (including eligible salary or wages) for the year is less than $2,000, the employee is not required to pay QPIP premiums for that year.However, regardless of the $2,000 threshold, you must start withholding and paying QPIP premiums as soon as you pay the employee one dollar of eligible salary or wages. For more … WebDec 30, 2024 · EI premiums are going up as well once a two-year federal freeze on increases thaws next year. Premiums are set to rise thereafter from $1.58 per $100 of … WebSep 14, 2024 · On 20 August 2024, the Government confirmed that it will freeze the EI premium rate for 2024 and 2024 at the 2024 premium rate level. Consequently, the premium rate applicable to residents of all provinces except Québec for 2024 will be 1.58%. The premium rate applicable to residents of Québec will be 1.20% (1.58% - 0.38%). lan ohne