Feds freeze EI premiums in response to pandemic | Advisor’s Edge: The federal government will freeze employment insurance (EI) premiums for the next two years, offering a break to businesses struggling through the Covid-19 pandemic.

The Canada Employment Insurance Commission (CEIC) said Monday that the EI premium rate will remain $1.58 per $100 of insurable earnings for 2021 and 2022. For employers, who pay 1.4 times the employee rate, the rate remains $2.21.

The government said it was freezing the rate at the current level as a result of the economic impact from the pandemic. It will be crediting the EI operating account for the increases related to CERB.

Feds freeze EI premiums in response to pandemic | Advisor’s Edge: The federal government will freeze employment insurance (EI) premiums for the next two years, offering a break to businesses struggling through the Covid-19 pandemic.The Canada Employment Insurance Commission (CEIC) said Monday that the EI premium rate will remain $1.58 per $100 of insurable earnings for 2021 and 2022. For employers, who pay 1.4 times the employee rate, the rate remains $2.21.The government said it was freezing the rate at the current level as a result of the economic impact from the pandemic. It will be crediting the EI operating account for the increases related to CERB.Read More