The Federal Government announced changes to the Employment Insurance (EI) program to continue supporting Canadians looking for work. The changes are as follows:
• Establish a minimum unemployment rate for EI program of 13.1% in Canada
• Allow Canadians with 120 hours of insurable work or more to qualify for benefits by providing a temporary, one-time credit of 300 insurable hours for those claiming EI regular benefits and 480 insurable hours for those claiming EI special benefits
• Freeze the EI premium rate for employees at the 2020 level of $1.58 per $100 of insurable earnings for 2 years and the rate for employers at $2.21 per $100 of insurable earnings
• Implement temporary measures to support self-employed fish harvesters who rely on EI fishing benefits in the off-season.
Starting September 27, 2020, those eligible for EI benefits will receive a minimum benefit rate of $400 per week or $240 per week for extended parental benefits.