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.
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