Canada’s Finance Minister has announced the employment insurance premium rate for employees that will be fixed for 3 years.
According to the announcement, the employment insurance premium rate for employees will remain at its current level of $1.88 per $100 of insurable earnings for 2014. The maximum insurable earnings for 2014 will increase from $47,400 to $48,600. The employment insurance premium rate will be set no higher than $1.88 for 2015 and 2016.
Related Posts
Canada’s government has mandated that large businesses whose online revenues are above specific thresholds must register for a Digital Services Tax (DST) programme account by 31 January 2025, and file and pay their first DST returns by 30 June
Read More Canada's Department of Finance has released the 2024 Fall Economic Statement on 16 December 2024. Among the key updates are enhancements to the Scientific Research and Experimental Development (SR&ED) tax incentive programme and more support for
Read More Canada's Department of Finance has announced enacting the Tax Break for All Canadians Act after receiving Royal Assent on 12 December 2024. This legislation introduces a temporary Goods and Services Tax/Harmonized Sales Tax (GST/HST) exemption on
Read More
Canada has provided a formal notice to Russia, on 18 November 2024, to confirm the suspension of the Agreement Between the Government of Canada and the Government of the Russian Federation for the Avoidance of Double Taxation and the Prevention of
Read More Canada’s Parliamentary Budget Officer (PBO) has updated estimates of fiscal multipliers on 20 November 2024. To assist parliamentarians’ deliberations of the current economic and fiscal situation, this additional analysis provides PBO’s
Read More The Canada Revenue Agency (CRA) released the Indexation Adjustment For Personal Income Tax And Benefit Amounts from 2022 to 2025 on 15 November 2024. Indexed amounts are provided for tax credits, medical expense supplements, old age security
Read More
