The federal government has announced changes to the Employment Insurance (EI) system effective January 1, 2025.
- Maximum Insurable Earnings (MIE): Increased to $65,700 (up from $63,200 in 2024).
- Maximum EI Contribution:
- Employees: $1,077.48 (up $28.36).
- Employers: $1,508.47 (up $39.70).
- Premium Rates:
- Employees: $1.64 per $100 of insurable earnings (down from $1.66 in 2024).
- Employers: $2.30 per $100 (down from $2.32).
The Premium Reduction Program continues in 2025, providing up to $1.37 billion in premium reductions for employers offering qualified wage-loss plans.
Learn more at: Canada Employment Insurance Commission.
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