Box 24 - EI insurable earnings

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Box 24 - EI insurable earnings

Box 24 must always be completed even if there are no insurable earnings.

Enter the total amount of insurable earnings you used to calculate the employee’s EI premiums that you reported in box 18, up to the maximum insurable earnings for the year ($49,500 for 2015). If there are no insurable earnings for the entire reporting year and box 18 is blank, enter "0" in box 24. In many cases, boxes 14 and 24 will be the same amount.

Reporting the correct EI insurable earnings in box 24 will reduce unnecessary pensionable and insurable earnings review (PIER) reports for EI deficiency calculations, especially if the employee worked both inside and outside of Quebec.

If you paid amounts to the employee for employment, benefits, or other payments that should not have EI premiums deducted (for more information, go to Special payments chart), do not report those earnings in box 24.

Do not include the unpaid portion of any earnings from insurable employment that you did not pay because of your bankruptcy, receivership, or non-payment of remuneration for which the employee has filed a complaint with the federal, provincial, or territorial labour authorities.

Special rules may apply when filling in box 24 in certain situations. For more information, go to Special situations.

More than one T4 slip for the same employee

When you give the same employee more than one T4 slip for the year, you should report the insurable earnings amount for each period of employment in box 24 of each T4 slip.

Example

An employee earned $25,000 working in Ontario from January 2015 to June 2015 and earned $25,000 working in Quebec for the remainder of the year. In addition to any other boxes that need to be completed, fill in boxes 14 and 24 as follows:

  • Ontario T4 slip – box 14 = $25,000 and box 24 = $25,000; and
  • Quebec T4 slip – box 14 = $25,000 and box 24 = $24,500 (the maximum insurable earnings for 2015 of $49,500 – $25,000 already reported on T4 slip with Ontario as province of employment = $24,500).

For more information on insurable earnings, go to Employment insurance (EI).

Date modified:
2015-12-17