Annex 5: Employment Insurance financial information
Official title: Employment Insurance Monitoring and Assessment Report for the fiscal year beginning April 1, 2023, and ending March 31, 2024: 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, 2023 and ending March 31, 2024.
- B/C
- Benefits-to-Contributions
- B/U
- Beneficiary-to-Unemployed (rate)
- B/UC
- Beneficiary-to-Unemployed Contributor (rate)
- CAWS
- Client Access Work Station
- CCB
- Compassionate Care Benefits
- CCDA
- Canadian Council of Directors of Apprenticeship
- CCIS
- Corporate Client Information Service
- CEEDD
- Canadian Employer-Employee Dynamics Database
- CEGEP
- College of General and Professional Teaching
- CEIC
- Canada Employment Insurance Commission
- CEIFB
- Canada Employment Insurance Financing Board
- CERB
- Canada Emergency Response Benefit
- CF
- Canadian Forces
- CFP
- Call for Proposals
- CPI
- Consumer Price Index
- CPP
- Canada Pension Plan
- CRA
- Canada Revenue Agency
- CRF
- Consolidated Revenue Fund
- EAS
- Employment Assistance Services
- EBSM
- Employment Benefits and Support Measures
- EDI
- Equity, Diversity and Inclusion
- EI
- Employment Insurance
- EI-ERB
- Employment Insurance Emergency Response Benefit
- EIACC
- Employment Insurance Appeals Consultative Committee
- EICS
- Employment Insurance Coverage Survey
- eROE
- Electronic Record of Employment
- ESDC
- Employment and Social Development Canada
- FS
- Family Supplement
- G7
- Group of Seven
- GC
- Government of Canada
- GDP
- Gross Domestic Product
- HR
- Human Resources
- IC
- Individual Counselling
- ID
- Identification
- IMP
- International Mobility Program
- ISET
- Indigenous Skills and Employment Training
- JCP
- Job Creation Partnership
- LFS
- Labour Force Survey
- LMDA
- Labour Market Development Agreements
- LMI
- Labour Market Information
- LMP
- Labour Market Partnerships
- LTU
- Long-Term Unemployed
- MSCA
- My Service Canada Account
- MIE
- Maximum Insurable Earnings
- NERE
- New Entrant and Re-Entrant
- NESI
- National Essential Skills Initiative
- NHQ
- National Headquarters
- NOC
- National Occupation Classification
- OAS
- Old Age Security
- OASIS
- Occupational and Skills Information System
- p.p.
- Percentage point
- PCIC
- Parents of Critically Ill Children
- PCS
- Post Call Survey
- PPE
- Premium Paid Eligible
- PRP
- Premium Reduction Program
- PTs
- Provinces and Territories
- QPIP
- Quebec Parental Insurance Plan
- RAIS
- Registered Apprenticeship Information System
- R&I
- Research and Innovation
- ROE
- Record of Employment
- SAT
- Secure Automated Transfer
- SCT
- Skills and Competency Taxonomy
- SD
- Skills Development
- SD-A
- Skills Development - Apprentices
- SD-R
- Skills Development - Regular
- SE
- Self-Employment
- SEAQ
- Service, Excellence, Accuracy and Quality
- SEPH
- Survey of Employment, Payrolls and Hours
- SFS
- Skills for Success
- SIN
- Social Insurance Number
- SIP
- Sectoral Initiatives Program
- SME
- Small and medium-sized enterprise
- SST
- Social Security Tribunal
- STVC
- Status Vector
- SUB
- Supplemental Unemployment Benefit
- SWSP
- Sectoral Workforce Solutions Program
- TES
- Targeted Earning Supplements
- TR
- Temporary Resident
- TRF
- Targeting, Referral and Feedback
- TFWP
- Temporary Foreign Worker Program
- TWS
- Targeted Wage Subsidies
- UV
- Unemployment-to-job-vacancy
- VBW
- Variable Best Weeks
- VER
- Variable Entrance Requirement
- WISE
- Work Integration Social Enterprises
- WWC
- Working While on Claim
List of tables
- Table 1 – Revenues and funding ($ million)
- Table 2 – Part I – Employment Insurance benefits expenditures* ($ million)
- Table 3 – Part II – Employment benefits and support measures expenditure* ($ million)
- Table 4 – Administration costs ($ million)
- Table 5 – Employment Insurance Operating Account ($ million)
Annex 5.1: Employment Insurance operating account ($ million)
Statement of operations and accumulated surplus (deficit) for the year ended March 31Footnote 1
| Category | 2021‑22 | 2022‑23 | 2023‑24 |
|---|---|---|---|
| Premiums | 24,304.7 | 27,422.1 | 30,156.6 |
| Interest* | 19.1 | 29.5 | 44.0 |
| Penalties | 10.0 | 21.3 | 72.5 |
| Total revenues and funding | 24,333.7 | 27,472.9 | 30,273.1 |
- 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 2024, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2024) and past year versions of the Public Accounts report.
| Category | 2021‑22 | 2022‑23 | 2023‑24 |
|---|---|---|---|
| Regular benefits | 28,689.8 | 12,090.5 | 12,834.5 |
| Fishing benefits | 366.2 | 384.9 | 367.7 |
| Work-Sharing benefits | 89.3 | 31.1 | 39.8 |
| Parental benefits** | 3,645.4 | 3,555.3 | 3,593.6 |
| Sickness benefits | 2,469.0 | 2,047.1 | 2,779.0 |
| Maternity benefits | 1,503.5 | 1,386.2 | 1,462.5 |
| Other special benefits*** | 184.7 | 167.5 | 187.5 |
| Special benefits for self-employed | 16.7 | 15.1 | 17.8 |
| Total income benefits | 36,964.5 | 19,677.8 | 21,282.4 |
| Less: Benefit repayments**** | (513.3) | (262.6) | (291.0) |
| Total Part-I: Employment Insurance benefits | 36,451.3 | 19,415.2 | 20,991.3 |
- 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.
- Source: Government of Canada, Public Accounts of Canada 2024, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2024) and past year versions of the Public Accounts report.
| Category | 2021‑22 | 2022‑23 | 2023‑24 |
|---|---|---|---|
| Employment benefits* | 2,375.0 | 2,344.2 | 2,373.8 |
| Support measures | 137.3 | 145.5 | 150.3 |
| Total Part-II: Employment benefits and support measures | 2,512.3 | 2,489.8 | 2,524.1 |
- 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 2024, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2024) and past year versions of the Public Accounts report.
| Category | 2021‑22 | 2022‑23 | 2023‑24 |
|---|---|---|---|
| Employment and Social Development Canada – Personnel related-costs | 1,462.1 | 1,509.5 | 1,720.1 |
| Employment and Social Development Canada – Non-personnel related costs | 601.5 | 625.8 | 563.3 |
| Canada Revenue Agency – Collection of premiums and rulings | 260.5 | 244.9 | 253.0 |
| Treasury Board Secretariat – Health Insurance Plan and Public Service Insurance | 117.8 | 129.9 | 151.1 |
| Administrative Tribunals Support Service of Canada – Social Security Tribunal | 13.6 | 16.4 | 20.2 |
| Courts Administration Services | 0.8 | 1.7 | 1.7 |
| Less: Recovery of costs from the Canada Pension Plan for maintaining the social insurance number registry | (-7.9) | (7.2) | (7.1) |
| Total administration costs: Related parties | 2,448.5 | 2,520.9 | 2,702.4 |
| Total administration costs: External parties (administration costs incurred by provinces and territories under the LMDA) | 191.8 | 189.0 | 187.4 |
| Total administration costs | 2,640.2 | 2,709.9 | 2,889.8 |
- Note: Data may not add up to the total due to rounding.
- Source: Government of Canada, Public Accounts of Canada 2024, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2024) and past year versions of the Public Accounts report.
| Category | 2021‑22 | 2022‑23 | 2023‑24 |
|---|---|---|---|
| Total revenues and funding | 24,333.7 | 27,472.9 | 30,273.1 |
| Expenditures: Employment Insurance benefits (Part I) | 36,451.3 | 19,415.2 | 20,991.3 |
| Expenditures: Employment benefits and support measures (Part II) | 2,512.3 | 2,489.8 | 2,524.1 |
| Expenditures: Employment Insurance Emergency Response Benefit | (40.5) | (69.5) | (385.2) |
| Administrative costs | 2,640.2 | 2,709.9 | 2,889.8 |
| Bad debts | (58.4) | (350.5) | 287.2 |
| Total expenditures | 41,504.9 | 24,194.9 | 26,307.2 |
| Funding from the Government of Canada – Employment Insurance Emergency Response Benefit* | (94.7) | (483.4) | (225.8) |
| Net surplus for the year | (17,265.9) | 2,794.7 | 3,740.0 |
| Accumulated surplus (deficit) at beginning of year | (7,705.8) | (24,971.7) | (22,177.0) |
| Accumulated surplus (deficit) at end of year | (24,971.7) | (22,177.0) | (18,437.0) |
- Note: Data may not add up to the total due to rounding.
- * 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 (EI-ERB), 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 recognized is comprised of EI-ERB expenditures, incremental costs related to the administration of the EI-ERB, overpayments established and bad debts related expense.
- Source: Government of Canada, Public Accounts of Canada 2024, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2024) and past year versions of the Public Accounts report.
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