Employment Insurance premium rate for 2024 sees three-cent increase from 2023

By Anosha Khan (September 15, 2023, 3:27 PM EDT) -- On Sept. 14, the Canada Employment Insurance (EI) Commission published the Actuarial Report and its summary for the 2024 employment insurance premium rate, which is set per $100 at $1.66 of insurable earnings for employees and $2.32 for employers paying 1.4 times the employee rate, an increase of three cents from the previous year. The 2023 EI rate was at $1.63 for employees and $2.28 for employers....