iAtoday

In accordance with the Employment Insurance (EI) Act, the Canada Employment Insurance Commission will increase the annual maximum insurable earnings (MIE) from $63,200 to $65,700, effective January 1, 2025. Short-term and long-term disability insurance plans that are subject to the EI maximum benefit or that contain provisions associated with the MIE will be adjusted accordingly. Any necessary adjustments to short-term and long-term disability insurance premiums will be reflected on the January 2025 billing statement.

The table below highlights the MIE changes:

If you have any questions about employment insurance, visit the Government of Canada website at canada.ca/en/services/benefits/ei.html.

Here is the communiqué that we will send to group insurance plan administrators on December 16.