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I bet you didnamp;#39;t know calculating EI deductions is easier than you think stick around and weamp;#39;ll show you how first determine your employees insurable earnings this includes wages salaries and most taxable benefits received in cash next find the current EI rate on the Canada Revenue Agency website for 2024 itamp;#39;s set at 1.66% multiply the employees insurable earnings by the EI rate for example if Alex earns $11,000 youamp;#39;d calculate $1,000 time 1.66% which equals $16.60 this is Alexamp;#39;s EI deduction for the pay period donamp;#39;t forget the maximum insurable earnings limit in 2024 itamp;#39;s $63,800 any earnings Above This limit arenamp;#39;t subject to EI deductions finally ensure you remit these deductions along with your employer contributions to the CRA the current employer contribution rate is 1.4 times the employee rate and there you have it easy right now go ahead and Ace those EI deductions for more payroll tips hit that subscribe button an