Annex 5: Employment Insurance financial information

Official title: Employment Insurance Monitoring and Assessment Report for the fiscal year beginning April 1, 2020 and ending March 31, 2021: Annex 5: Employment Insurance financial information

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List of abbreviations

This is the complete list of abbreviations for the Employment Insurance Monitoring and Assessment Report for the fiscal year beginning April 1, 2020 and ending March 31, 2021.

Abbreviations
AD
Appeal Division
ADR
Alternative Dispute Resolution
ASETS
Aboriginal Skills and Employment Training Strategy
B/C Ratio
Benefits-to-Contributions ratio
BDM
Benefits Delivery Modernization
CAWS
Client Access Workstation Services
CCDA
Canadian Council of Directors of Apprenticeship
CCIS
Corporate Client Information Service
CEIC
Canada Employment Insurance Commission
CERB
Canada Emergency Response Benefit
CESB
Canada Emergency Student Benefit
CEWB
Canada Emergency Wage Subsidy
COLS
Community Outreach and Liaison Service
CPP
Canada Pension Plan
CRA
Canada Revenue Agency
CRB
Canada Recovery Benefit
CRCB
Canada Recovery Caregiving Benefit
CRF
Consolidated Revenue Fund
CRSB
Canada Recovery Sickness Benefit
CSO
Citizen Service Officer
CX
Client Experience
EBSM
Employment Benefits and Support Measures
ECC
Employer Contact Centre
EI
Employment Insurance
EI ERB
Employment Insurance Emergency Response Benefit
EICS
Employment Insurance Coverage Survey
eROE
Electronic Record of Employment
ESDC
Employment and Social Development Canada
eSIN
Electronic Social Insurance Number
FY
Fiscal Year
G7
Group of Seven
GDP
Gross Domestic Product
GIS
Guaranteed Income Supplements
HCCS
Hosted Contact Centre Solution
IQF
Individual Quality Feedback
ISET
Indigenous Skills and Employment Training
IVR
Interactive Voice Response
LFS
Labour Force Survey
LMDA
Labour Market Development Agreements
LMI
Labour Market Information
LMP
Labour Market Partnerships
MIE
Maximum Insurable Earnings
MSCA
My Service Canada Account
NAICS
North American Industry Classification System
NESI
National Essential Skills Initiative
NIS
National Investigative Services
NOM
National Operating Model
OAS
Old Age Security
PAAR
Payment Accuracy Review
PPE
Premium-paid eligible individuals
PRAR
Processing Accuracy Review
PRP
Premium Reduction Program
PTs
Provinces and Territories
QPIP
Quebec Parental Insurance Plan
R&I
Research and Innovation
ROE
Record of Employment
RPA
Robotics Process Automation
SAT
Secure Automated Transfer
SCC
Service Canada Centre
SDP
Service Delivery Partner
SEPH
Survey of Employment, Payrolls and Hours
SIN
Social Insurance Number
SIR
Social Insurance Registry
SST
Social Security Tribunal
STDP
Short-term disability plan
SUB
Supplemental Unemployment Benefit
TRF
Targeting, Referral and Feedback
TTY
Teletypewriter
UV
Unemployment-to-vacancy
VBW
Variable Best Weeks
VER
Variable Entrance Requirement
VRI
Video Remote Interpretation
WCAG
Web Content Accessibility Guidelines
WWC
Working While on Claim

Annex 5.1 – Employment Insurance operating account ($ million)

Statement of operations and accumulated surplus (deficit) for the year ended March 31Footnote 1

Table 1: Revenues and funding ($ million)
Category FY1819 FY1920 FY2021
Premiums 22,698.4 22,636.6 22,880.9
Interest* 21.2 22.4 15.4
Penalties 62.0 54.7 0.2
Total revenues and funding 22,781.6 22,713.7 22,896.5

Note: Data may not add up to the total due to rounding.

* This interest includes interest accrued on overdue accounts receivable.

Source: Government of Canada, Public Accounts of Canada 2021, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2021) and past year versions of the Public Accounts report.

Table 2: Part I Employment Insurance benefits expenditures* ($ million)
Category FY1819 FY1920 FY2021
Regular benefits 10,639.3 11,131.3 24,407.4
Fishing benefits 332.8 342.0 349.2
Work-Sharing benefits 5.8 16.7 173.4
Special benefits for insured employees 5,878.6 6,248.5 6,596.1
Parental benefits** 2,771.9 2,972.6 3,146.9
Sickness benefits 1,781.3 1,904.8 1,990.9
Maternity benefits 1,191.6 1,229.0 1,303.3
Other special benefits*** 133.8 142.1 155.1
Special benefits for self-employed 9.9 11.4 12.4
Total income benefits 16,866.3 17,749.9 31,538.5
Less: Benefit repayments**** (286.2) (237.0) (269.8)
Total Part-I: Employment Insurance benefits 16,580.0 17,512.9r 31,268.7

Note: Data may not add up to the total due to rounding.

* Expenditures reported in Chapter II of this report are based on administrative data and may differ from the ones reported in the financial statements of the Employment Insurance Operating Account that are included in the Public Accounts of Canada, due to methodological differences.

** Include parental benefits paid to biological parents and adoptive parents.

*** Include compassionate care benefits and family caregiver benefits.

**** These repayments correspond to benefit repayments from higher income claimants.

r Revised.

Source: Government of Canada, Public Accounts of Canada 2021, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2021) and past year versions of the Public Accounts report.

Table 3: Part II Employment benefits and support measures expenditures ($ million)
Category FY1819 FY1920 FY2021
Employment benefits* 2,171.0 2,329.2 2,300.0
Support measures 137.0 146.9 143.4
Labour market partnerships 133.3 144.2 141.2
Research and innovation 3.7 2.7 2.2
Total Part-II: Employment benefits and support measures 2,307.9 2,476.2 2,443.4

Note: Data may not add up to the total due to rounding.

* These benefits correspond to transfer payments to provinces and territories related to labour market development agreements, net of previous fiscal years’ over-contribution.

Source: Government of Canada, Public Accounts of Canada 2021, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2021) and past year versions of the Public Accounts report.

Table 4: Administration costs ($ million)
Category FY1819 FY1920 FY2021
Employment and Social Development Canada – Personnel related-costs 950.3 973.4 1,361.9
Employment and Social Development Canada – Non-personnel related costs 379.3 432.8 600.1
Canada Revenue Agency – Collection of premiums and rulings 212.8 212.7 280.3
Treasury Board Secretariat – Health Insurance Plan and Public Service Insurance 83.3 89.0 103.3
Administrative Tribunals Support Service of Canada – Social Security Tribunal 18.2 14.1 14.0
Courts Administration Services 1.0 1.1 1.0
Less: Recovery of costs from the Canada Pension Plan for maintaining the social insurance number registry (4.1) (4.6) (4.7)
Total administration costs: Related parties 1,640.7 1,718.4 2,355.9
Total administration costs: External parties (administration costs incurred by provinces and territories under the LMDA) 189.7 190.7 191.8
Total administration costs 1,830.4 1,909.0 2,547.7

Note: Data may not add up to the total due to rounding.

Source: Government of Canada, Public Accounts of Canada 2021, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2021) and past year versions of the Public Accounts report.

Table 5: Employment Insurance Operating Account ($ million)
Operating account FY1819 FY1920 FY2021
Total revenues and funding 22,781.6 22,713.7 22,896.5
Expenditures: Employment Insurance benefits (Part I) 16,580.0 17,512.9r 31,268.7
Expenditures: Employment benefits and support measures (Part II) 2,307.9 2,476.2 2,443.4
Expenditures: Employment Insurance Emergency Response Benefit* n/a 1,761.4 24,644.3
Administrative costs 1,830.4 1,909.0 2,547.7
Bad debts 99.0 65.3 934.3
Total expenditures 20,817.4 23,724.8 61,838.3
Funding from the Government of Canada – Employment Insurance Emergency Response Benefit** n/a n/a 27,331.4
Net surplus for the year 1,964.3 (1,011.1) (11,610.3)
Accumulated surplus (deficit) at beginning of year 2,951.4 4,915.6 3,904.5
Accumulated surplus (deficit) at end of year 4,915.6 3,904.5 (7,705.8)

Note: Data may not add up to the total due to rounding.

* The Employment Insurance Emergency Response Benefit is the portion of the Canada Emergency Response Benefit that was administered by Employment and Social Development Canada. Expenses related to the EI Emergency Response Benefit were paid from the EI Operating Account and those incurred before March 31, 2021 are included in this financial statement.

** Pursuant to section 153.111 of the Employment Insurance Act, the Employment Insurance Operating Account was credited the reported amount determined by the Minister of Finance that corresponds to the total cost of the EI Emergency Response Benefit, including all costs related to the benefit and its administration. The funding from the Government of Canada is recognized in the period in which the transfer was authorized. Funding for FY2021 is comprised of the current year and previous year’s EI Emergency Response Benefit expenses, incremental costs related to the administration of the EI Emergency Response Benefit and bad debt related expenses.

r Revised.

Source: Government of Canada, Public Accounts of Canada 2021, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2021) and past year versions of the Public Accounts report.

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