Insurable Earnings

by Thom Tracy

0 min read

Insurable earnings are usually considered to be the amounts reported on a worker’s earnings statement and any income reported as gross earnings in box 14 of the T4 slip. Insurable earnings are those reported before any deductions are made for income tax, employment insurance, Canada Pension Plan, health care plans, loan payments, or union dues. Total insurable earnings are reported on the Record of Employment (ROE) form in boxes 15A, 15B, and 15C. The accuracy of this information is critical because the ROE is the single most important document in the Employment Insurance (EI) program and is used to determine benefit amounts for each individual employee.

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