The federal government recently announced an increase in the employment insurance (EI) maximum insurable earnings amount. They also announced a corresponding increase in the EI weekly maximum benefit. Effective January 1, 2022, maximum insurable earnings will increase to $60,300 per year for an insured worker. Accordingly, the new maximum EI benefit amount will be $638 per week.
Short-term disability (STD) plans that have a maximum set at the EI maximum, rather than at a specific amount, will automatically increase effective January 1, 2022.
Learn more at https://www.canada.ca/en/employment-social-development/news/2021/09/canada-employment-insurance-commission-sets-the-2022-employment-insurance-premium-rate.html or contact Client Services.