grant_single_labels|summary

grant_single|eligibleFinancing
  • grant_single|noCondition
grant_single|deadlines
  • grant_single|openingDateSeptember 22, 2020
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
  • grant_single|allIndustries
grant_single|grantors
  • Employment and Social Development Canada (ESDC)
  • Government of Canada
grant_single|status
grant_card_status|open

grant_single_labels|preview

You could get a premium reduction in the short-term disability benefits you pay to your insured employees.

grant_single_labels|terms_and_conditions

The EI Premium Reduction Program offers employers lower EI premium rates by providing short-term disability plans that qualify under specific conditions. This reduction aids in cost efficiency for employers while ensuring employee benefits.
  • Employers can obtain reduced EI premium rates when employees are covered by a qualifying short-term disability plan.
  • Rates of premium reduction are categorized based on the type of short-term disability plan provided and the duration it meets the program’s requirements.
  • The reduction rate is expressed as a percentage of the employee's insurable earnings, impacting the employer's premium calculations.
  • Employers must continue providing five-twelfths of the savings from the reduction to the employees covered by the plan.
  • Reduced rates require the employer to wait for an entitlement decision from Service Canada before applying the new rate.

grant_single_labels|projects

grant_single|admissibleProjectsExample

$ 20,000

Implementing a short-term disability plan for a new software development startup

$ 20,000

Establishing a comprehensive short-term disability plan for employees at a non-profit organization

$ 20,500

Implementing a short-term disability plan at a social economy enterprise

$ 25,000

Introducing a short-term disability program at a financial cooperative

$ 25,000

Implementing a new short-term disability plan for employees at a local manufacturing company

$ 25,000

Introducing a new short-term disability plan for employees at a legal firm

grant_single_labels|admissibility

Eligibility for the EI Premium Reduction Program requires that the employer-provided short-term disability plan meets specific criteria.
  • The plan must provide at least 15 weeks of benefits for short-term disability.
  • The benefits provided by the plan must match or exceed those offered under EI regulations.
  • Benefits must be disbursed to employees within 8 days of illness or injury, with an elimination period not exceeding 7 consecutive days.
  • Employees must have access to the plan within 3 months of their hiring date.
  • The plan must cover employees on a 24-hour-a-day basis.
  • The employer must provide evidence of commitment to the short-term disability plan.
  • The employer must undertake to return five-twelfths of the savings from the premium reduction to employees covered by the plan.

grant_eligibility_criteria|who_can_apply

Employers who have insured employees covered by a short-term disability plan may apply. Insured employees are those on whose behalf an employer remits EI premiums to the Canada Revenue Agency (CRA).

grant_single_labels|criteria

The evaluation and selection criteria for the EI Premium Reduction Program are based on the short-term disability plan provided by the employer and whether it meets specific requirements. Employers must ensure their plans meet the minimum criteria to qualify for a premium reduction.
  • Provide at least 15 weeks of benefits for short-term disability
  • Match or exceed the level of benefits provided under EI
  • Pay benefit to employees within 8 days of illness or injury (the elimination period cannot exceed 7 consecutive days)
  • Be accessible to employees within 3 months of hiring
  • Cover employees on a 24-hour-a-day basis

grant_single_labels|apply

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grant_single_labels|otherInfo

Here are additional relevant details for this grant:
  • The Premium Reduction Program requires employers to refund five-twelfths of the savings to the employees covered by their plan.
  • Employers must maintain sufficient documentation proving the eligibility of their short-term disability plans and must be prepared to submit additional documentation upon request within 30 days.
  • If granted a reduction, employers might need to adjust their financial calculations retroactively from January 1 of the calendar year in which the reduction applies.
  • A written appeal can be submitted within one year if the employer disagrees with a non-entitlement decision.
  • Employers must notify the program of changes to their short-term disability plan, address, payroll deductions account, ownership or organizational structure.

grant_single_labels|documents

EI Premium Reduction Program

Apply to this program

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