ARCHIVED CD 2006-033: Information Notice to Employees

Warning This Web page has been archived on the Web.

Archived Content

Information identified as archived is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to request a format other than those available.

Employment Insurance (EI) and Quebec Parental Insurance Plan (QPIP) – 2007 Taxation Year

The purpose of this notice is to provide you with information concerning the Employment Insurance (EI) Plan rates and the Quebec Parental Insurance Plan (QPIP) rates for the 2007 taxation year.

If you do not work in the province of Quebec, your EI premium rate will decrease from 1.87% to 1.80% of insurable earnings starting with the first pay in January 2007. The annual maximum insurable earnings will increase from $39,000 to $40,000. Therefore, your maximum annual premium for the 2007 taxation year will be $720.00.

If you work in the province of Quebec, your EI premium rate will decrease from 1.53% to 1.46% of insurable earnings starting with the first pay in January 2007. The annual maximum insurable earnings will increase from $39,000 to $40,000. Therefore, your maximum annual premium for the 2007 taxation year will be $584.00.

On January 1, 2007, your QPIP premium rate will remain at 0.416% of insurable earnings. The annual maximum insurable earnings will increase from $57,000 to $59,000. Once you reach the maximum annual premium of $245.44 for 2007, you will see an increase in the amount of your net pay as there will no longer be QPIP deductions withheld.

Any request for information regarding this information notice should be addressed to your compensation advisor.