CEIC Announces EI Maximum Insurable Earnings Increases to $65,700 in 2025

The Canada Employment Insurance Commission (CEIC) has announced that the Employment Insurance (EI) Maximum Insurable Earnings (MIE) for 2025 will increase to $65,700 from $63,200 in 2024. The MIE is indexed on an annual basis and represents the ceiling up to which EI premiums are collected and the maximum amount considered in applications for EI benefits.

The EI premium rate for 2025 is $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 $2.23 for employers.

CEIC also announced that for residents of Quebec covered under the Quebec Parental Insurance Plan (QPIP), the premium rate of $1.31 per $100 of insurable earnings ($1.83 for employers).

The Premium Reduction Program will provide roughly $1.37 billion in premium relief in 2025 to registered employers and their employees in recognition of savings generated to the EI program by employer registered short-term wage-loss plans.

Office of the Superintendent of Financial Institutions (OSFI) has released:

2025 Actuarial Report on Employment Insurance Premium Rate