Example 1High Earner Hitting the Annual Cap
Given:Sarah works in marketing in Toronto and earns $85,000 a year.
Rezultāts:Employee premium: $1,049.12/year; Employer premium: $1,468.77/year
Sarah's earnings exceed the 2024 MIE of $63,200. Employee: $63,200 × 1.66% = $1,049.12. Employer: $1,049.12 × 1.4 = $1,468.77.
Because Sarah earns more than the $63,200 limit, her EI deductions will stop mid-year once she hits that cap. Neither she nor her employer pays premiums on any dollar earned above the MIE.
Example 2Moderate Earner Below the Cap
Given:Jordan works in retail in Nova Scotia and earns $38,000 a year.
Rezultāts:Employee premium: $630.80/year; Employer premium: $883.12/year
Jordan's earnings are below the MIE. Employee: $38,000 × 1.66% = $630.80. Employer: $630.80 × 1.4 = $883.12.
Since Jordan's salary is fully below the $63,200 threshold, EI premiums are calculated on his entire income. His employer pays the standard 40% premium match.
Example 3Calculating a Weekly Layout Benefit
Given:David was laid off and had average weekly insurable earnings of $1,000.
Rezultāts:Weekly EI benefit: $550.00/week
David's benefit: $1,000 × 55% = $550.00/week. This is below the maximum weekly cap of $668.
David receives exactly 55% of his usual weekly pay. Since $550 is less than the federal maximum of $668, he gets the full calculated amount.
Example 4Quebec Resident Lower Rate Calculation
Given:Chloe is a web designer in Montreal earning $55,000 a year.
Rezultāts:Employee premium: $726.00/year; Employer premium: $1,016.40/year
Quebec's rate is 1.32%. Employee: $55,000 × 1.32% = $726.00. Employer: $726.00 × 1.4 = $1,016.40.
Because Quebec runs its own parental insurance program (QPIP), Chloe pays a lower federal EI rate. The rest of her parental premium goes directly to the provincial plan.