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Where do I enter the employer & employee EI rate?

Created on  | Last modified on 

Summary

How to enter the employer EI rate when setting up a new employee record.

Resolution

Employee EI Rate:

There's no field to enter Employee's EI rate in Sage 50. Employee EI rate is based on the Tax tables of your Sage 50 Accounting. As a workaround, you can manually enter the amount in Paycheques.

  1. Select Paycheques.
  2. Select the Taxes tab.
  3. Manually adjust the EI for the employee for that paycheque.

Employer EI Factor:

To change the employer's portion of EI:

  1. Select the Employee record.
  2. Select the Taxes tab.
  3. On the right side of Deduct EI, enter EI factor in the Rate field. EI Factor = Employer rate / employee rate.

Note: For 2021, the employee rate is 1.58%, the employer rate is 2.212%. The EI factor is 2.212 / 1.58 = 1.4. Enter 1.4 in the Rate field.

How to set up the payroll module

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