Employment Insurance rates for 2012

Employment Insurance 2012

Employment Insurance (EI) premiums will be increasing in 2012.  The maximum insurable earnings for 2012, applicable to all provinces and territories, will be $45,900 – up from $44,200 in 2011.

The employee’s premium rate will be 1.83% for a maximum annual premium of $839.97 ($786.76 for 2011) for the country except for Quebec.

Contributions for employers will remain at 1.4 times the amount of the employee’s premiums, for all provinces and territories.  The  maximum annual premium is $1,175.95 ($1,101.46 for 2011) in all provinces and territories except for Quebec unless the employer qualifies for a reduced rate.

EI premium rates and maximums

Year Max. Annual Insurable Earnings Rate (%) Max. Annual Employee Premium Max. Annual  Employer Premium
Federal Quebec Federal Quebec Federal Quebec
2012     $45,900 1.83 1.47 $839.97 $674.73 $1,175.96 $944.62
2011     $44,200 1.78 1.41 $786.76 $623.22 $1,101.46 $872.51
2010     $43,200 1.73 1.36 $747.36 $587.52 $1,046.30 $822.53
2009     $42,300 1.73 1.38 $731.79 $583.74 $1,024.51 $817.24
2008     $41,100 1.73 1.39 $711.03 $571.29 $995.44 $799.81
2007     $40,000 1.80 1.46 $720.00 $584.00 $1,008.00 $817.60
2006     $39,000 1.87 1.53 $729.30 $596.70 $1,021.02 $835.38
Property of Marino Vereecke Professional Corporation, CA