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

Huckleberry harvesting restricted to protect grizzly habitat

The Province is restricting commercial-scale huckleberry harvesting to protect grizzly bear habitat… Continue reading

Nelson rejects plastic bag ban, opts for education and awareness

Council will collaborate with Chamber of Commerce

Nelson U-Haul shutting down

Kootenay Glass and Mirror will no longer provide the service as of July 12

Search for missing Salmo motorcyclist called off for the time being

RCMP say no evidence of Cory McKay’s whereabouts was found Thursday

Live edge furniture company opens in Creston

Jeremy and Sarah Smith are the proud owners of Dombelltay Custom and… Continue reading

‘Bad choices make good stories’: Margaret Trudeau brings her show to Just for Laughs

Trudeau says over the decades she has been suicidal, manic, depressed

UPDATE: Youth seen with gun at Nanaimo mall, suspect now in custody

Woodgrove Centre shut down during police incident

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

Crown recommends up to two-year jail term for former Bountiful leader

Crown says sentence range should be 18 months to two years for Bountiful child removal case

B.C.-wide police efforts identify Vancouver Island robbery suspect

Warrant issued for arrest of North Vancouver man for TD Bank robbery

VIDEO: Wolf spotted swimming ashore on northern Vancouver Island

Island wolf population estimated at under 150 in 2008, says VI-Wilds

Diversity a Canadian strength, Trudeau says of Trump tweets at congresswomen

Trudeau avoided using Trump’s name when he was asked about the president’s Twitter comments

B.C. couple bring son home from Nigeria after long adoption delay

Kim and Clark Moran of Abbotsford spent almost a year waiting to finalize adoption of Ayo, 3

Garneau ‘disappointed’ in airlines’ move against new passenger bill of rights

New rules codified compensation for lost luggage, overbooked flights

Most Read