EI premium rate and maximum
Each year, we give the maximum insurable earnings and rate for you to calculate the amount of EI to deduct from your employees.
You have to deduct EI premiums from insurable earnings you pay to your employees. In addition, you must pay 1.4 times the amount of the employee's premiums. You may qualify for a reduction of the employer contribution if you give your employees a short-term disability plan.
Example
EI premiums you deducted from your employees for the month
$195.50
Plus: Your share of EI ($195.50 × 1.4)
$273.70
Total amount you remit for EI premiums
$469.20
You stop deducting employment insurance premiums when you reach the employee's maximum insurable earnings ($50,800 for 2016) or the maximum employee premium for the year ($955.04 for 2016). For Quebec, the maximum employee premium for 2016 is $772.16.