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Application for Employment Insurance Premium Reduction Service Form
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People also ask
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What is the maximum employment insurance premium?
Federal EI premium rates and maximums YearMaximum annual insurable earnings definitionMaximum annual employee premium definition 2024 $63,200 $1,049.12 2023 $61,500 $1,002.45 2022 $60,300 $952.74 2021 $56,300 $889.5424 more rows • Mar 25, 2025
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What is the maximum employment insurance payment?
For most people, the basic rate for calculating Employment Insurance (EI) benefits is 55% of their average insurable weekly earnings, up to a maximum amount. As of January 1, 2025, the maximum yearly insurable earnings amount is $65,700. This means that you can receive a maximum amount of $695 per week.
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Who pays employment insurance in Canada?
Though EI may seem like “free” money, it's actually something that both Canadian employees and employers pay into. Every year, the Government of Canada provides the maximum insurable earnings and rate for employers to calculate the amount of EI they should deduct from their employees.
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What is maximum unemployment insurance?
The amount can range from $40 to $450 per week.
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What is the maximum EI maternity benefit for 2025?
Your maternity and parental EI benefits will be key in planning your maternity leave finances. You can get up to 55% of your normal weekly earnings for paid maternity leave, up to $695 as a weekly maximum. The province of Quebec is more generous, and you can get up to 75% of your income there.
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How does EI work in BC?
EI is a government program in British Columbia that provides temporary financial assistance to individuals who have lost their jobs through no fault of their own. Provided by Canada's federal government, It is designed to help unemployed workers while they look for new employment or upgrade their skills.
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