2023 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 $60,300 to $61,500, effective January 1, 2023. 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 the January 2023 billing statement.
The table below highlights the MIE changes:
| Maximum insurable earnings | 2023 | 2022 |
| Annual | $61,500 | $60,300 |
| Monthly | $5,125 | $5,025 |
| Weekly | $1,183 | $1,160 |
| Maximum weekly employment insurance benefit (55% of MIE) | $650 | $638 |
If you have any questions about Employment Insurance, visit the Government of Canada website at www.canada.ca/en/employment-social-development.html.
For any other questions, please contact your advisor or your iA Financial Group Account Executive.