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Part III - The renewal application
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In December of each year, Service Canada will send you a "Conditional Authorization to a Reduced Employment Insurance Premium" notice advising you of the reduced rate you may use in the coming year, provided you continue to meet all the requirements for a reduction.
During the first half of the new year, Service Canada will send you a Renewal Application for Premium Reduction to determine if you continue to meet the requirements. You must complete and return this form within a period not exceeding 30 days from the date of issue.
For assistance in the completion of the Renewal Application please contact us at:
Toll free: 1 800 561-7923
Facsimile: (506) 548-7473
If your application is approved, Service Canada will confirm the reduced rate you should use to remit your EI premiums.
The amount of premium reduction will be specified in cents per one hundred dollars of insured earnings, e.g., the premium reduction could be 30 cents ($0.30) for each one hundred dollars ($100.00) of insured earnings.
The premium rate will be expressed as a multiple of the employee premiums payable, i.e., a premium rate which is less than 1.4 times the employee premiums payable (e.g.,1.248).
If you no longer meet all the requirements for a premium reduction, Service Canada will notify you. Your premium reduction will be recalculated based on the number of months that all the requirements were met for that year. If you decide to modify your plan, you must advise Service Canada as soon as possible so that your reduction can be recalculated.
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