2016 Maximum Insurable Earnings

Communiqué

2016 Maximum Insurable Earnings

In accordance with the Employment Insurance (EI) Act, the Canada Employment Insurance Commission will increase the annual Maximum Insurable Earnings (MIE) from $49,500 to $50,800, effective January 1, 2016. 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 2016 billing statement.

The table below highlights the MIE changes.

2015

2016

Maximum Insurable Earnings

Annual

$49,500

$50,800

Monthly

$4,125

$4,233

Weekly

$952

$977

Maximum Weekly Employment Insurance

Benefit (55% of MIE)

$524

$537

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