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CD 2005-023: Information Notice to Employees
Employment Insurance Premium Rate -- 2006 Taxation Year
The purpose of this notice is to provide you with the Employment Insurance (EI) premium rate and earnings for the 2006 taxation year.
EI premiums - employee working outside Quebec
Effective January 1, 2006, the employee's EI premium rate (excluding employees working in the province of Quebec), will be decreased from 1.95% to 1.87% of insurable earnings. The annual maximum insurable earnings remain at $39,000. Therefore, the maximum annual premium for the 2006 taxation year is $729.30.
EI premiums - employee working in Quebec
Effective January 1, 2006, the EI premium rate for employees working in the province of Quebec will be decreased from 1.95% to 1.53% of insurable earnings. The annual maximum insurable earnings remain at $39,000. Therefore, the maximum annual premium for the 2006 taxation year for employees working in the province of Quebec is $596.70.
In Quebec, the EI covers only regular benefits (loss of job due to work shortage), sickness and compassionate care benefits.
(See also the notice for the Quebec Parental Insurance Plan)
Any request for information contained in this notice should be addressed to your compensation advisor.
