January 2024 - Akler Browning LLP

Latest news and regulations from the financial world.
January 31, 2024

The Employment Insurance (EI) premium rate for 2024 is set at 1.66%.

Yearly maximum insurable earnings are set at $63,200, making the maximum employee premium $1,049.12.

As in previous years, employer premiums are 1.4 times the employee premium. The maximum employer premium for 2024 is therefore $1,468.77.

The information presented is only of a general nature, may omit many details and special rules, is current only as of its published date, and accordingly cannot be regarded as legal or tax advice. Please contact our office for more information on this subject and how it pertains to your specific tax or financial situation.