(CAN) TAX101CN - EI Rebate

Canadian employers use this annual report with private income replacement plans. These employers pay EI premiums at a reduced rate and, by law, must pass at least 5/12 of the premium reduction along to employees, either as cash or in the form of increased benefits.

For each employer wage loss plan for which the premium rate differs from the standard employer rate, rebates the system calculates rebates as follows:

Employee's YTD EI premium × (standard rate − employer rate) × 5/12

For each employee, the report includes:

• Employee rate and premium.

• Employer rate and premium.

• Calculated employee rebate amount.