On-Core Bookkeeping

EI 2020

White sticky note on brown corkboard

EI rates have been announced and will again be changing in 2020. The amount of EI you will need to pay has actually decreased slightly this year. 

 

Below is a chart showing both the 2020 and 2019 EI information. 

 

2020 2019
Maximum Annual Earnings $54,200 $53,100
Contribution Rate 1.58% 1.62%
Maximum Annual Employee  Contributions $856.36 860.22
Maximum Annual Employer Contributions  $1,198.90 $1,204.31

For more information, and for past EI information you can visit the CRA website here.