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Increase to the Annual Maximum Insurable Earnings

News Release

In accordance with the Employment Insurance (EI) Act, the Canada Employment Insurance Commission will increase the annual Maximum Insurable Earnings (MIE) from $45,900 to $47,400, effective January 1, 2013. As of that date, short-term and long-term disability insurance plans that are subject to the EI maximum benefit or that contain provisions associated with the MIE will be adjusted accordingly. Any necessary adjustments to short-term and long-term disability insurance premiums will be reflected on your January 2013 billing statement.

The table below highlights the MIE changes.

   2012  2013
Maximum insurable Earnings    
  •  Annual
 $45,900 $47,400
  •  Monthly
 $3,825 $3,950 
  •  Weekly
 $883 $912 
Maximum Weekly Employment Insurance 
Benefit (55% of MIE)
 $485 $501 

If you have any questions about Employment Insurance, you can visit the Human Resources and Skills Development Canada website at www.hrsdc.gc.ca.