Is EI going up?

Is Employment Insurance (EI) going up? Yes, it is. This is the cost of EI, not the benefits.

There has been a freeze on any increase on what gets taken from your pay cheque and how much your employer pays into the EI fund. The two year freeze is just about over and we can expect to see as much as a 15 cent per $100 earnings increase for the end of the year. So you will be seeing less money on the check and effectively making less take home from your job

So you as you expect your pay cheque to get a little smaller know that the boss is going to be paying out more money though it is to the government, not you. Let's hope that the economy really does see improvement for the Spring, Summer and Fall for 2010 or there will not be big bonuses available for Christmas!

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