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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 $48,600 to $49,500, effective January 1, 2015. 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 2015 billing statement.

The table below highlights the MIE changes.

   2014  2015
Maximum insurable Earnings    
  •  Annual
 $48,600 $49,500
  •  Monthly
 $4,050 $4,125 
  •  Weekly
 $935 $952 
Maximum Weekly Employment Insurance
Benefit (55% of MIE)
 $514 $524 

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