Source: www.cra-arc.gc.ca and www.canada.ca If you have any questions about these government benefits and limits, please contact June Smyth at 416-863-9159 ext 233. […]
2024 Government Benefits & Limits – A Quick Reference
Category: Employee Insurance
Changes Expected to Employment Insurance Sickness Benefits
As part of the 2021 federal budget, the government committed to modernizing the Employment Insurance (EI) program in order “to better meet the changing needs of Canadian workers and employers” and “to offer better support to Canadian families”. They have since conducted a series of consultations, carried out in two phases over 12 months (August […]
Increase in Employment Insurance (EI) Maximum Insurable Earnings Affects Short-Term Disability (STD) Plans
The federal government announced the 2022 EI premium rates and maximums. New rates have been in effect as of January 1, 2022. Maximum insurance earnings $60,300 Maximum weekly EI benefit $638 This increase affects STD plans where: ● The maximum STD benefit is based on the EI maximum weekly benefit ($638 for 2022), or ● The EI […]