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compliance

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Alex B.
2025-08-23 02:14:45 -04:00
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docs/source/2_compliance.rst
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@@ -92,12 +92,12 @@ 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
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.
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:*
@@ -105,8 +105,8 @@ Janet Frank has $20.00 in EI premiums deducted from her gross pay. Her employer,
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
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.