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<< Click to Display Table of Contents >> Modifying a reduced EI rate |
Access: Year-end > Validate employers rates > Reduced EI rate
1Under Reduced EI rate for each company, enter the required information:
▪New rate: Rate entered manually. It must be more than 0 and less than 1.4.
▪Effective date: Date on which the rate will be applied for the contribution calculation.
Things to remember If a new rate is entered and the current date is between January 1st and October 31st: ▪The value showing in Effective date will be January 1st of the current year and the field becomes unchangeable. ▪A warning message will appear to inform you that a retroactive calculation of your contributions paid for the current year will be made and service fees will be billed to you. You will receive a calculation confirmation in your messages on the home page. ▪The amount of the retroactive calculation and eligible earnings will be listed in Retro amount and Eligible contributions of the History of changes to the Reduced EI contribution rate window. If the month of the current date is November or December: the field will automatically show January 1st of the following year. You can modify the date if the rate truly applies to the current year. |
2A warning message appears. Please ensure that the information is consistent and check the box.
3Click on Save. The information entered will be transferred in Next rate and Effective date.
▪A history will be created automatically. Click on History to view it.
For more information
Viewing and modifying employer rates - Additional information