How are Employment Insurance (EI) benefits calculated ?

Employment Insurance (EI) benefits in Canada are calculated based on your previous earnings. The basic EI benefit rate is 55% of your average insurable weekly earnings. As of 2024, the maximum insurable earnings are $61,500 per year, which means the maximum weekly benefit amount is $650. As these amounts and thresholds vary from year to year, you are advised to visit the Canada Revenue Agency (CRA) website for the most up-to-date information.