How often are maximum insurable earnings under EI adjusted?

The maximum insurable earnings under Employment Insurance (EI) are adjusted annually to reflect current limits. This practice ensures that the earnings threshold stays aligned with changes in the economy, particularly wage growth and inflation trends. By updating the maximum insurable earnings each year, the program can maintain its relevance and effectiveness in providing support to eligible claimants.

This annual adjustment reflects the government’s commitment to ensuring that the benefits available through EI correspond with the changing economic landscape, allowing for adequate support to those who may be unemployed. Adjusting annually rather than at different intervals enables a more consistent and predictable framework for both employees and employers regarding EI contributions and benefits.