2023 Employment Insurance Adjustments

The federal government announced its annual adjustments to the regular Employment Insurance (EI) maximums and premium rates. Effective January 1, 2023, the following changes will affect Short Term Disability (STD) volumes and premiums:

Maximum Insurable EarningsPremium Rate per $100 of Insurable EarningsMaximum Annual ContributionMaximum EI Weekly Benefit
Rest of Canada$61,500Employee:

*Employer contribution is equal to 1.4 time the employee premium.

This change affects a STD plan if:

  • The benefit is a flat amount equal to the EI maximum
  • The STD maximum is equal to the EI maximum
  • STD benefits are calculated using EI maximum insurable earnings

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