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2. Employment Insurance >
3. Annual Reports

4) Break-even Rate for the Previous Year (2008)

In accordance with the Act, last year we had forecasted that the 2008 break- even rate would be as follows:

• 1.39% (compared to 1.46% for 2007) was the forecasted Employment Insurance break-even rate for 2008 for residents of provinces with a Provincial Plan;
  
  
• 0.34% (same as for 2007) was the rate of premium reduction granted by the Employment Insurance for 2008 for residents of provinces with a Provincial Plan; and
  
  
• 1.73% (compared to 1.80% for 2007) was the forecasted Employment Insurance break-even rate for 2008 for residents of provinces without a Provincial Plan, which is 1.39% plus the premium reduction of 0.34% granted to Provincial Plans.
  
  

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Date Modified:

2011-09-30