Versions of s. 96(8.3)

E-5.6 — Employment Insurance Act · 2 versions · View current text

Historical text comes from the Justice Laws point-in-time corpus and is unofficial — not the official version.

2014-12-16 to present available View Source

With respect to 2000, the Minister shall refund to the employer the amount determined by the following formula if that amount is more than $1:(E2 – E1) × P2000 where E1 is the total of all insurable earnings paid in 1998 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 1998; E2 is the total of all insurable earnings paid in 2000 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 2000; and P2000 is 1.4 times the premium rate for 2000.

Full text

With respect to 2000, the Minister shall refund to the employer the amount determined by the following formula if that amount is more than $1:(E2 – E1) × P2000 where E1 is the total of all insurable earnings paid in 1998 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 1998; E2 is the total of all insurable earnings paid in 2000 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 2000; and P2000 is 1.4 times the premium rate for 2000.
2003-01-01 to 2014-12-16 View Source

With respect to 2000, the Minister shall refund to the employer the amount determined by the following formula if that amount is more than $1:(E2 – E1) × P2000 where E1 is the total of all insurable earnings paid in 1998 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 1998; E2 is the total of all insurable earnings paid in 2000 by the employer, for which premiums were deductible, in respect of employees who were 18 years of age or older but younger than 25 at any time during 2000; and P2000 is 1.4 times the premium rate for 2000.