Human Resources and Skills Development Canada
Symbol of the Government of Canada

Human Resources and Skills Development Canada

www.hrsdc.gc.ca

6) Maximum Insurable Earnings for 2009

[ previous | table of contents | next ]

Section 4 of the Act states that, starting with 1996, the annual maximum insurable earnings will remain at the threshold of $39,000 until the statutory calculated value of annual average weekly earnings reaches this threshold, after which the annual maximum insurable earnings will increase at the pace of the annual average weekly earnings.

For 2008, the annual maximum insurable earnings of $41,100 exceeded the threshold of $39,000 established by the Act. In accordance with the indexation formula of section 4 of the Act, which is based on the average weekly earnings and the 2008 unrounded maximum, the annual maximum insurable earnings for 2009 shall therefore be set at $42,300.

For more information on the annual maximum insurable earnings please refer to Appendix I.

[ previous | table of contents | next ]

Footer

Date Modified:
2011-09-30