Unemployment Insurance (Collection of Premiums) Regulations

The Unemployment Insurance (Collection of Premiums) Regulations outline the rules and guidelines for the collection of unemployment insurance premiums in Canada. The regulations come under the Employment Insurance Act and are administered by the Minister of National Revenue.

The regulations define key terms such as "insurable employment," "pay period," and "employer." They also specify how earnings from insurable employment are allocated and calculated, including rules for overtime pay, bonuses, and other forms of compensation.

The regulations also provide details on the calculation and payment of premiums, including the rates at which premiums are deducted from employee wages. Employers are required to remit premiums to the Receiver General on a specified timeline, with certain exceptions for small employers or those with average monthly withholding amounts below $15,000.

Additionally, the regulations prescribe persons who are subject to the rules and regulations, including employers and individuals acting on behalf of an employer. They also outline provisions for calculating insurable earnings and premiums payable thereon in different pay periods.

Finally, the regulations provide for certain miscellaneous provisions, such as allocation of insurable earnings for contracts with varying pay periods and exceptions for certain types of employment.