Tax Tips Nov 2021

 

  • Effective January 1, 2022, the maximum insurable earnings will increase from $56,300 to $60,300. This means that an insured worker will pay EI premiums in 2022 on insured earnings up to $60,300.

In 2022, the employee EI premium rate will be $1.58 per $100. This premium rate and the MIE increase means that insured workers will pay a maximum annual EI premium in 2022 of $952.74 compared with $889.54 in 2021. Full Article Employment Insurance – Important notice about maximum insurable earnings for 2022 – Canada.ca

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