Starting in January, trucking companies, like other employers in the country, will pay less in employment insurance premiums. Their contribution will drop from $2.32 to $2.30 per $100 of payroll.
“The rate is set to generate just enough premium revenue to cover EI expenses over the next seven years and eliminate any cumulative surplus or deficit in the EI Operating Account,” says Employment and Social Development Canada (EDSC) by way of a press release.
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Another aspect not to be overlooked is that the insurable salary ceiling is increasing, from $63,200 currently to $65,700 in 2025. The maximum annual employer contribution will increase by $39.70 to reach $1,508.47 per employee.
The Employment Insurance Operating Account remains in deficit, however, mainly due to the increase in the number of unemployed and the temporary measures put in place during the COVID-19 pandemic. This deficit is expected to reach $15.8 billion as of December 31, 2025.
The 2025 report of the Chief Actuary on the employment insurance premium rate and the summary of this report produced by the Commission are available online at clicking here.
