Question Period Note: PUBLIC ACCOUNTS OF CANADA 2025 FOR EMPLOYMENT AND SOCIAL DEVELOPMENT CANADA

What was the 2025 Employment Insurance (EI)
premium rate and the status of the EI Operating Account?

The EI premium rate for workers in 2025 was set at $1.64 per $100 of insurable
earnings for workers, $2.30 for employers.
 This was two cents lower than in 2024 for workers and employers.
 The accumulated deficit of the EI Operating Account was $16.9B on December
31, 2024.

2025 Premium Rates
On September 13, 2024, the Canada Employment Insurance Commission set the 2025
premium rate at $1.64 per $100 of insurable earnings. The employer rate was $2.30, or 1.4
times the employee rate.
EI premium rates are lower for Quebec residents because the province administers its own
parental insurance plan, known as the Quebec Parental Insurance Plan. The premium rate for
Quebec residents was $1.31 in 2025 per $100 of insurable earnings. The Quebec employer rate
was $1.83, or 1.4 times the Quebec employee rate.
Premium rates for 2025 came into effect on January 1, 2025.
Premiums Payable
Maximum Insurable Earnings (MIE) for 2025 was set at $65,700, an increase of $2,500 from the
2024 MIE. As a result of the MIE and premium rates, the maximum 2025 premiums paid by
workers outside of Quebec were $1,077.48 (an increase of $28.36 from 2024) and $1,508.47 for
employers per employee (an increase of $39.70 from 2024).
In Quebec, the maximum 2025 premiums paid by workers were $860.67 (an increase of $26.43
from 2024) and $1,204.94 for employers per employee (an increase of $37.00 from 2024).
2025 Actuarial Report
The EI Senior Actuary submitted the 2025 Actuarial Report on the Employment Insurance
Premium Rate to the Commission on August 22, 2024. The Report indicated the 7-year break?even premium rate would be 1.64%.
EI Operating Account
The 2026 Actuarial Report indicates that the cumulative deficit of the EI Operating Account on
December 31, 2024, projected to be $18.2B in the 2025 Actuarial Report, has been reduced to
$16.9B.
EI premium rate for each year is set to be no higher than needed to cover the projected costs of
the EI program over a seven-year period and eliminate any cumulative surplus/deficit in the
Account.
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On September 12, 2025, the Canada Employment Insurance Commission set the 2026
premium rate at $1.63 per $100 of insurable earnings. The employer rate is $2.28 per $100 of
insurable earnings, or 1.4 times the employee rate.
Premium rates for employees in Quebec are set at $1.30 per $100 of insurable earnings while
their employers will pay $1.82 per $100 of insurable earnings.

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