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

Restaurant dedicated to the potato opens its doors in Kelowna

Oh So Potato has opened to the public in Kelowna on KLO Road.

Highway 97 widening in Kelowna complete

Province announces end of $67 milion project to six-lane 4.5 kilometres of the busy highway

No Stuart Park fire-pit in Kelowna this winter

City says in bid to reduce natural gas use, it won’t light fire pit at popular outdoor ice rink

Differences between the California and Okanagan fires taken seriously

Chief Travis Whiting and Kelowna Fire Department learn from the devasting U.S. fires

Your guide to winter light ups around the Okanagan

From Vernon to Summerland, with a stop in Kelowna, we’ve found some activities for you to enjoy

Find me my furever home

Meet Moon a 16-year-old senior gentleman at the Kelowna BC SPCA

B.C. to allow ride hailing services to operate in 2019

Fee will be applied to fund options for disabled people

Cold case files: Penticton RCMP still searching for answers on human remains found

Penticton RCMP are hoping that re-sharing of this information may lead to new tips from the public

Chocolate lab missing along Coquihalla

Brad Gibson is asking for help locating his missing dog.

B.C. connection to launch of new $10 bill

Great nephew of Viola Desmond says bill is a ‘step in the right direction’

Elections BC keeps eye on Canada Post dispute, but no change in Nov. 30 deadline

Vote No spokesman say an extension of one or two weeks would ensure all ballots are counted

Langley school pulls Japanese ‘rising sun’ flag after student petition

School district promises consultation with students and parents, defends using flag for war history

Calgary bobsled death inquiry recommends infrared technology, safety audits

A judge found the deaths of 17-year-old twins Evan and Jordan Caldwell were accidental and caused by blunt-force head and neck trauma

Most Read