Canada’s Employment Insurance contribution rates will decrease Jan. 1 while maximum insurable earnings will increase, Employment and Social Development Canada said Nov. 12.
Maximum insurable earnings will increase to C$65,700 (US$46,814.88), from C$63,200, the agency said on its website. Employee contribution rates will decrease to 1.64%, from 1.66% outside Quebec and to 1.31%, from 1.32%, in Quebec, the agency said.
In a separate news release, the agency said employer contribution rates would also decrease to 2.3%, from 2.32% outside Quebec and to 1.83%, from 1.85%, in Quebec.
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