Employment Insurance premiums will be lower than anticipated in 2019

Commission says the rate will be $1.62 per $100 of insurable earnings across Canada

The Canada Employment Insurance Commission says employment insurance premiums will be lower than expected in 2019.

The commission says the rate will be $1.62 per $100 of insurable earnings, which is four cents lower than anticipated.

Finance Minister Bill Morneau and Jean-Yves Duclos, minister for families, children and social development, say in a joint statement that the EI premium rate has been reduced “thanks to a strong and growing economy.”

The statement says the new rate is almost 14 per cent lower than the rates in 2015 and that it’s the lowest rate since 1980.

Randall Bartlett, chief economist at the Institute of Fiscal Studies and Democracy says the low premium rate is a reflection of the strong Canadian job market.

The change won’t be reflected on people’s paycheques until January.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

U.S. tug firm to be sentenced for 2016 spill in B.C. First Nation’s territory

The Nathan E. Stewart spilled 110,000 litres of diesel and heavy oils in October 2016

No delivery services hard on local families

New parents Candace Knudsen and Bjorn Samuelsen spent five weeks away from home

UPDATED: Vehicle strike likely caused death of grizzly cubs

The cubs were discovered on June 30 on Thorsen Creek Road

B.C. to begin increasing coastal log export charges

New fees based on harvest cost, cedar no longer exempt

Three more earthquakes off north and central B.C. coasts

No tsunami or damage reported after the aftershocks in near Bella Bella, Port Hardy and Haida Gwaii

VIDEO: Reports say Lashana Lynch is the new 007

Daniel Craig will reprise his role as Bond one last time

RCMP investigating alleged ‘sexual misconduct’ by cyclist on BCIT campus

BCIT said they were reviewing video evidence of the incident

New home cost dips in B.C.’s large urban centres

Victoria, Kelowna, Vancouver prices decline from last year

Graphic suicide scene edited out of ‘13 Reasons Why’ finale

Suicide prevention groups support the decision

Nine kittens and cats rescued after being locked in bins in northern B.C.: SPCA

SPCA says cats were starving, and matted with feces and urine

High-speed rail link would run from Vancouver to Seattle in under 1 hour: study

Annual ridership is projected to exceed three million

ICBC insurance renewals get more complicated this year

Crash history, driver risk prompt more reporting requirements

B.C. man dies from rabies after contact with Vancouver Island bat

Last known case of human rabies in B.C. was 16 years ago

Asylum figures show overall slower rate of irregular crossings into Canada

Between January and June 2019, a total of 6,707 asylum seekers crossed irregularly into Canada

Most Read