CEIC decreases 2020 Employment Insurance premium rate

Domain: Economy
Tags:Employment, Family Finances

The Canada Employment Insurance Commission (CEIC) announces that the 2020 Employment Insurance (EI) premium rate will be $1.58 per $100 of insurable earnings – a decrease of 4 cents for employees compared with the 2019 rate, and a decrease of 6 cents to $2.21 for employers, who pay 1.4 times the employee rate.

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