Increasing EI Premiums Will Cover Pandemic Overspend, Feds Say

The employment insurance section of the Government of Canada website is shown on a laptop in Toronto on April 4, 2020. Jesse Johnston/The Canadian Press

The Department of Employment has announced that employment insurance (EI) premiums must be increased to cover pandemic cost overruns and said that premiums are currently at a “historic low.”

The new premium rates are due to be detailed by the end of August, according to Blacklock’s Reporter.