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.