Annex 5: Employment Insurance financial information
Official title: Employment Insurance Monitoring and Assessment Report for the fiscal year beginning April 1, 2024, and ending March 31, 2025: 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, 2024 and ending March 31, 2025.
- ACG
- Apprenticeship Completion Grants
- ADR
- Alternative Dispute Resolution
- AI
- Artificial Intelligence
- AIG
- Apprenticeship Incentive Grants
- B/C
- Benefits-to-Contributions
- B/U
- Beneficiary-to-Unemployed (rate)
- B/UC
- Beneficiary-to-Unemployed Contributor (rate)
- BDM
- Benefits Delivery Modernization
- CAL
- Canada Apprenticeship Loans
- CEEDD
- Canadian Employer-Employee Dynamics Database
- CCB
- Compassionate Care Benefits
- CCDA
- Canadian Council of Directors of Apprenticeship
- CEIC
- Canada Employment Insurance Commission
- CEIFB
- Canada Employment Insurance Financing Board
- CFP
- Call for Proposals
- CIRNAC
- Crown-Indigenous Relations and Northern Affairs Canada
- COLS
- Community Outreach and Liaison Service
- CPI
- Consumer Price Index
- CPP
- Canada Pension Plan
- CRA
- Canada Revenue Agency
- CRF
- Consolidated Revenue Fund
- CSO
- Citizen Service Officers
- CWDP
- Community Workforce Development Program
- CX
- Client Experience
- EAS
- Employment Assistance Services
- EB
- Employment Benefits
- EBSM
- Employment Benefits and Support Measures
- ECC
- Employer Contact Centre
- EDI
- Equity, Diversity and Inclusion
- EI
- Employment Insurance
- EI-A
- Employment Insurance Regular Benefits - Apprentices
- EIACC
- Employment Insurance Appeals Consultative Committee
- EICS
- Employment Insurance Coverage Survey
- ELMLP
- Education and Labour Market Longitudinal Platform
- eROE
- Electronic Record of Employment
- ES
- Employment Services
- ESDC
- Employment and Social Development Canada
- FS
- Family Supplement
- FTE
- Full-Time Equivalent
- FY
- Fiscal Year
- G7
- Group of 7
- GC
- Government of Canada
- GDP
- Gross Domestic Product
- HCCS
- Hosted Contact Centre Solution
- HR
- Human Resources
- IBD
- Integrity-by-Design
- IC
- Individual Counselling
- IQF
- Individual Quality Feedback
- ISET
- Indigenous Skills and Employment Training
- IVR
- Interactive Voice Response
- IWW
- Integrated Workload and Workforce
- JCP
- Job Creation Partnership
- KPI
- Key Performance Indicators
- LFS
- Labour Force Survey
- LMDA
- Labour Market Development Agreements
- LMI
- Labour Market Information
- LMIA
- Labour Market Impact Assessment
- LMP
- Labour Market Partnerships
- LTU
- Long-Term Unemployed
- MIE
- Maximum Insurable Earnings
- MSCA
- My Service Canada Account
- MUS
- Monetary Unit Sampling
- NEET
- Not in Employment, Education or Training
- NERE
- New Entrant and Re-Entrant
- NESI
- National Essential Skills Initiative
- NHQ
- National Headquarters
- NIS
- National Investigative Services
- NOC
- National Occupation Classification
- OAS
- Old Age Security
- OASIS
- Occupational and Skills Information System
- OECD
- Organisation for Economic Co-operation and Development
- p.p.
- Percentage point
- PAAR
- Payment Accuracy Review
- PCIC
- Parents of Critically Ill Children
- PCS
- Post Call Survey
- PEAQ
- Processing, Excellence, Accuracy and Quality
- PPE
- Premiums-paid Eligible Individuals
- PRAR
- Processing Accuracy Review
- PRP
- Premium Reduction Program
- PSPC
- Public Services and Procurement Canada
- PT
- Provinces and Territories
- QPIP
- Quebec Parental Insurance Plan
- R&I
- Research and Innovation
- RAIS
- Registered Apprenticeship Information System
- RN
- Registered Nurse
- ROE
- Record of Employment
- RPA
- Robotics Processing Automation
- SCC
- Service Canada Centre
- 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
- SIR
- Social Insurance Register
- SM
- Support Measures
- SME
- Small and medium enterprise
- SRI
- Service Referral Initiative
- SRS
- Simple Random Sampling
- SST
- Social Security Tribunal
- STDP
- Short-Term Disability Plan
- SUB
- Supplemental Unemployment Benefit
- SWSP
- Sectoral Workforce Solutions Program
- TES
- Targeted Earning Supplements
- TFW
- Temporary Foreign Worker
- TIS
- Telephone Interpretation Service
- TRF
- Targeting, Referral and Feedback
- TTY
- Teletypewriter
- TWS
- Targeted Wage Subsidies
- UTIP
- Union Training and Innovation Program
- VBW
- Variable Best Weeks
- VER
- Variable Entrance Requirement
- VET
- Vocational Education and Training
- VRI
- Video Remote Interpretation
- VRS
- Video Relay Service
- WCAG
- Web Content Accessibility Guidelines
- WISE
- Work Integration Social Enterprises
- WWC
- Working While on Claim
List of tables
- Table 1: Revenues and funding ($ millions)
- Table 2: Part I - Employment Insurance benefits expenditures ($ millions)
- Table 3: Part II - Employment Insurance benefits and support measures expenditures ($ millions)
- Table 4: Administration costs ($ millions)
- Table 5: Employment Insurance operating account ($ millions)
Annex 5.1: Employment Insurance operating account ($ millions)
Statement of operations and accumulated surplus (deficit) for the year ended March 31Footnote 1
| Category | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Premiums | 27,422.1 | 30,156.6 | 32,104.4 |
| Interest* | 29.5 | 44.0 | 53.8 |
| Penalties | 21.3 | 72.5 | 83.5 |
| Total revenues and funding | 27,472.9 | 30,273.1 | 32,241.7 |
- 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 2025, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2025) and past year versions of the Public Accounts report.
| Category | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Regular benefits | 12,090.5 | 12,834.5 | 14,228.3 |
| Fishing benefits | 384.9 | 367.7 | 386.5 |
| Work-Sharing benefits | 31.1 | 39.8 | 55.0 |
| Parental benefits** | 3,555.3 | 3,593.6 | 3,843.0 |
| Sickness benefits | 2,047.1 | 2,779.0 | 3,033.0 |
| Maternity benefits | 1,386.2 | 1,462.5 | 1,562.8 |
| Other special benefits*** | 167.5 | 187.5 | 203.4 |
| Special benefits for self-employed | 15.1 | 17.8 | 21.1 |
| Total income benefits | 19,677.8 | 21,282.4 | 23,333.0 |
| Less: Benefit repayments**** | (262.6) | (291.0) | (349.7) |
| Total Part-I: Employment Insurance benefits | 19,415.2 | 20,991.3 | 22,983.3 |
- 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 2025, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2025) and past year versions of the Public Accounts reports.
| Category | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Employment benefits** | 2,344.2 | 2,373.8 | 1,946.7 |
| Support measures | 145.5 | 150.3 | 149.8 |
| Total Part-II: Employment benefits and support measures | 2,489.8 | 2,524.1 | 2,096.5 |
- 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.
- ** 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 2025, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2025) and past year versions of the Public Accounts report.
| Category | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Employment and Social Development Canada - Personnel related-costs | 1,509.5 | 1,720.1 | 1,650.2 |
| Employment and Social Development Canada - Non-personnel related costs | 625.8 | 563.3 | 599.1 |
| Canada Revenue Agency - Collection of premiums and rulings | 244.9 | 253.0 | 251.9 |
| Treasury Board Secretariat - Health Insurance Plan and Public Service Insurance | 129.9 | 151.1 | 139.5 |
| Administrative Tribunals Support Service of Canada - Social Security Tribunal | 16.4 | 20.2 | 19.0 |
| Courts Administration Services | 1.7 | 1.7 | 1.2 |
| Less: Recovery of costs from the Canada Pension Plan for maintaining the social insurance number registry | (7.2) | (7.1) | (5.4) |
| Total administration costs: Related parties | 2,520.9 | 2,702.4 | 2,655.5 |
| Total administration costs: External parties (administration costs incurred by provinces and territories under the LMDA) | 189.0 | 187.4 | 191.5 |
| Total administration costs | 2,709.9 | 2,889.8 | 2,847.0 |
- Note: Data may not add up to the total due to rounding.
- Source: Government of Canada, Public Accounts of Canada 2025, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2025) and past year versions of the Public Accounts report.
| Category | 2022-23 | 2023-24 | 2024-25 |
|---|---|---|---|
| Total revenues and funding | 27,472.9 | 30,273.1 | 32,241.7 |
| Expenditures: Employment Insurance benefits (Part I) | 19,415.2 | 20,991.3 | 22,983.3 |
| Expenditures: Employment benefits and support measures (Part II) | 2,489.8 | 2,524.1 | 2,096.5 |
| Expenditures: Employment Insurance Emergency Response Benefit | (69.5) | (385.2) | (200.1) |
| Administrative costs | 2,709.9 | 2,889.8 | 2,847,0 |
| Bad debts | (350.5) | 287.2 | 307.2 |
| Total expenditures | 24,194.9 | 26,307.2 | 28,033.9 |
| Funding from the Government of Canada - Employment Insurance Emergency Response Benefit* | (483.4) | (225.8) | (21.2) |
| Net surplus for the year | 2,794.7 | 3,740.0 | 4,186.5 |
| Accumulated surplus (deficit) at beginning of year | (24,971.7) | (22,177.0) | (18,437.0) |
| Accumulated surplus (deficit) at end of year | (22,177.0) | (18,437.0) | (14,250.4) |
- 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 2025, Volume I: Summary Report and Consolidated Financial Statements (Ottawa: Receiver General for Canada, 2025) and past year versions of the Public Accounts report.