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Dec 10, 2019 4:08 PM UTC
Question

How to change the EI Premium Reduction rate?

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1 reply

AddieC
Dec 10, 2019 5:02 PM UTC

Hi there, 

 

Employment Insurance (EI) is a nationwide program created to provide partial wage replacement to unemployed workers while they look for employment. Employers finance the program through the EI tax on employee pay. QuickBooks Online helps business owners like you organize and calculate EI through our payroll software. 

 

To edit the employee and employer payroll taxes, follow the steps in this article: Editing employee and employer payroll taxes. Ensure you've reviewed the section titled, "Conditions and Restrictions" in order to stay in-line with proper regulations. 
 

Another great resources is from the CRA website: EI premium rates and maximums.

 

If you need some one-on-one assistance with this process, please reach out to our tech team here.

 

Cheers!