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Employment Insurance Regulations

Version of section 76.06 from 2006-03-22 to 2010-12-31:

  •  (1) The premium reduction rate for a year is the rate determined by subtracting the rate determined under paragraph (b) from the rate determined under paragraph (a), by dividing the result by 2.4 and by rounding off the quotient obtained from that division in accordance with section 66.4 of the Act:

    • (a) the rate determined by adding the following results, namely,

      • (i) the result obtained by dividing the estimated total amount of all benefits that will be paid under sections 22 and 23 of the Act in respect of that year to all claimants who are not covered by a provincial plan by the estimated total amount of insurable earnings in that year of all persons who are not covered by such a plan, and

      • (ii) the result obtained by dividing the estimated total amount of the variable administrative costs that will be incurred in that year to provide benefits under sections 22 and 23 of the Act to all claimants who are not covered by a provincial plan by the estimated total amount of insurable earnings in that year of all persons who are not covered by a provincial plan; and

    • (b) the rate determined by adding the following results, namely,

      • (i) the result obtained by dividing the estimated total amount of all benefits that will be paid under sections 22 and 23 of the Act in respect of that year to all claimants who are covered by a provincial plan by the estimated total amount of insurable earnings in that year of all persons who are covered by a provincial plan, and

      • (ii) the result obtained by dividing the estimated total amount of the variable administrative costs that will be incurred in that year to provide benefits under sections 22 and 23 of the Act to all claimants who are covered by a provincial plan by the estimated total amount of insurable earnings in that year of all persons who are covered by a provincial plan.

  • (2) Actuarial estimates shall be used to determine the estimated amounts referred to in subsection (1).

  • (3) The results referred to in paragraphs (1)(a) and (b) shall be determined having regard to the same factors as those set out in subsections 65.3(1) and (2) of the Act.

  • SOR/2005-366, s. 1
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