Ottawa Raises EI Premiums Despite Earlier Proposal to Hold Rates: Federal Report

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 federal government is raising Employment Insurance (EI) premiums by $1.4 billion despite an earlier proposal that the rates would be “holding steady.”

The Canada Employment Insurance Commission confirmed the hike on Sept. 14, saying it will increase EI premium revenue by $1.4 billion to $30.1 billion starting 2024.