Ralph Moss Limited, Canadian Government Benefits & Legislated Benefits, Unemployment Insurance Plan {U.I.C.}

The following information is for reference only and should not be used without checking its accuracy with Human Resources Canada. A complete guide to the U.I.C. plan is available from Human Resources Canada @ 1-800-276-7655.

The Unemployement Insurance (U.I.) programme has been renamed Employment Insurance (E.I.) Human Resources and Development Canada (HRDC) announced a reduction in the E.I. rates for 1997. The new premium rates are summarised in the table below in addition to the rates for the past 2 years.

HRDC also announced a 2 year program aimed at providing E.I. premium releif for small business to encourage employment. Businesses that paid employer premiums of less than $60,000 in 1996 are eligible to participate in the program.. Depending on a companies payroll , firms with up to approximately 100 full-time employees may be eligible for the program. The premium relief available to a company is based on the Employer EI premiums paid in 1996 verses the Employer EI premiums payable in 1997. There is a $10,000 maximum benefit.. This means that an eligible firm can receive a 100% premium refund on any increase in their 1996 premiums paid in excess of $250. In 1998 the refund will be 25% of any increase above $250 over their 1996 paid premium. Companies that are eligible to participate in the NEW HIRES PROGRAM can either adjust their EI premiums during the year or claim a rebate at the end of the calendar year.
Info on the program is available from HRDC @ 819-994-4989

UNEMPLOYMENT INSURANCE PLAN INFORMATION
	1995	1996	1997	1998
Maximum Annual Insurable Earnings	$42,380	$39,000	$39,000.00	$39,000.00
Maximum Weekly Insurable Earnings	$815.00	$750.00	$750.00	$750.00
Maximum Weekly Benefit	$448.00	$413.00	55% of insured earnings to a max of $413.00 (for most claimiants)	55% of insured earnings to a max of $413.00 (for most claimiants)
Employer Contribution Without a registered W.I. Plan
Premium Rate per $100 of insurable earnings	$4.20	$4.13	$4.06	$3.78
Rate as a multiple of Employee Contribution	1.40	1.40	1.4	1.4
Maximum Weekly Contribution	$34.23	$30.98	$30.45	$28.35
Maximum Annual Contribution	$1,779.96	$1,610.96	$1,583.40	$1,474.20
Employer Contribution With a registered W.I. Plan
Premium Rate per $100 of insurable earnings	3.861	3.791	3.729	3.4722
Rate as a multiple of Employee Contribution	1287	1.285	1.286	1.286
Maximum Weekly Contribution	$31.47	$28.43	$27.97	$26.04
Maximum Annual Contribution	$1636.44	$1,478.36	$1,455.44	$1,354.16
Employee Contribution
Premium Rate per $100 of insurable earnings	$3.00	$2.95	$2.90	$2.70
Maximum Weekly Contribution	$24.45	$22.13	$21.75	$20.25
Maximum Annual Contribution	$1,271.40	$1,150.76	$1,131.00	$1,053.00
Minimum Insurability Requirement			No minimum. Every hour worked is insurable..	Eligibility based on nuber of hours worked. Every hour is insurable provided minimum qualifying hours are met. There is no weekly minimu requirement.

If an employer has a REGISTERED WEEKLY INDEMNITY (a.k.a. Short Term Disability Plan) the following savings must be passed on to the employee. The employee portion of the savings is 5/12 of the reduction received from U.I.C.

NEW FOR 1997

The preceding information is for reference only and should not be used without checking its accuracy with Human Resources Canada. A complete guide to the U.I.C. plan is available from Human Resources Canada @ 1-800-276-7655.

UI Savings (per employee) for Plan Sponsors with a Registered W.I. Plan
	1995	1996	1997
Weekly (per employee)	$2.76	$2.55	$2.48
Annual (per employee)	$143.52	$132.60	$128.96

Ralph Moss Ltd.

Canadian Government Benefits Facts

1995 to 1998 Canadian Unemployment Insurance Plan

NEW FOR 1997