2025 Employment Insurance Premium Rate Announced

Attention all retailers: The Canada Employment Insurance Commission has announced the 2025 Employment Insurance (EI) premium rate. The rate is set at $1.64 per $100 of insurable earnings for employees and $2.30 for employers who pay 1.4 times the employee rate. This represents a two-cent decrease from the 2024 EI premium rate of $1.66 for employees and $2.32 for employers. In Quebec, the premium rate in 2025, covered under the Quebec Parental Insurance Plan, will be $1.31 per $100 of insurable earnings, while their employers will pay $1.83 per $100 of insurable earnings. Click here for full details   

RCC sits on the EI Commissioner for Employers Business Liaison Group and participates in the annual rate setting process. We use this forum to advocate for reduced payroll costs for retailers and this year’s lowered rates is welcomed news.