From 0aa1ac14be88debf682be027135e3b51a9fcfb71 Mon Sep 17 00:00:00 2001 From: Alexandre Bobkov Date: Sat, 23 Aug 2025 02:12:57 -0400 Subject: [PATCH] compliance --- docs/source/2_compliance.rst | 18 ++++++++++++++++++ 1 file changed, 18 insertions(+) diff --git a/docs/source/2_compliance.rst b/docs/source/2_compliance.rst index 0e75016..383d9c8 100644 --- a/docs/source/2_compliance.rst +++ b/docs/source/2_compliance.rst @@ -92,6 +92,24 @@ deduction to be withheld from an employee’s gross pay. Employment Insurance (EI) -------------------------- +The CRA’s responsibility for the Employment Insurance program is associated with the +collection of employee and employer premiums. It also makes decisions about which types of +remuneration are considered insurable and, therefore, subject to EI premiums. +All employers are required by law to deduct EI premiums from the insurable earnings paid to +their employees, and remit these deductions, along with the employer’s portion, to the CRA. +The employer’s portion is 1.4 times the employee’s portion. + +*Example:* + +Janet Frank has $20.00 in EI premiums deducted from her gross pay. Her employer, Northern +Skies must contribute $28.00 ($20.00 x 1.4). A total of $48.00 in EI premiums must be +remitted to the CRA. + +EI premiums are the second statutory deduction to be withheld from an employee’s pay. +Employers are also required to track the employee’s insurable earnings and insurable hours +by pay period for reporting purposes, such as completing the Record of Employment for a +terminated or inactive employee. + Income Tax ----------