Review recent EI maximum and CPP rate changes

On Jan. 1, 2015, The Co-operators changed how taxable short-term and long-term disability plans were administered. This aligns with requirements of the Canada Revenue Agency (CRA).

Part of this change was to ensure that the underlying tax tables could be easily updated. Now, when federal and provincial changes occur each Jan. 1 (some provinces make mid-year changes as well), our system will continue to deduct the correct amount of tax.

Take a moment to review the most recent changes to EI maximum and CPP rates.