Employment Insurance: The Canadian plan increases the maximum insured income by $2,500

Workers participating in Canada's Employment Insurance program are now insured up to a maximum of $65,700.

The Employment Insurance Commission of Canada announced this on Friday. The maximum insured income (MRA) is set at $63,200 in 2024.

With a contribution of 1.31%, Quebecers will pay a maximum of $860.67 for the year 2025, an increase of $26.43 from last year.

“The rate is set to generate sufficient revenue from premiums to cover employment insurance costs over the next seven years and to eliminate any accumulated surplus or deficit in the employment insurance operating account,” the commission stressed in a press release.

Elsewhere in Canada, a contribution of 1.64% is required for a maximum of 1077.48 (+28.26 compared to 2024).

“Rates are different for Quebec residents because the province operates its own parental insurance plan, financed by Quebec workers and employers,” it clarified.

Note that the “Employment Insurance Activities Account” has been greatly affected by the increase in the number of unemployed and the temporary relief measures taken during the COVID-19 pandemic.