Employment Insurance Act

Marginal note:Premium

• 152.21 (1) Every self-employed person who has entered into an agreement referred to in subsection 152.02(1) that has not been terminated or that is not deemed to have been terminated shall, in respect of every year, pay a self-employment premium equal to the amount determined under subsection (2) multiplied by the premium rate set under section 66 or 66.32, as the case may be.

• Marginal note:Amount

  (2) The amount for the purpose of subsection (1) is the lesser of

  • (a) the amount of the person’s self-employed earnings for the year,

  and

  • (b) the maximum yearly insurable earnings for the year, as calculated under section 4, minus the person’s insurable earnings, if any.

• Marginal note:Clarification

  (3) For greater certainty, a premium is required to be paid

  • (a) in respect of the year during which the self-employed person entered into the agreement, regardless of the date on which it was entered into; and

  • (b) in respect of the year during which the agreement is terminated or deemed to be terminated, regardless of the date on which it was terminated or deemed to be terminated.