Are your employees covered by an approved plan qualified for reduced EI premiums? This new update adds the option to set EI premiums at reduced rate, and payout 5/12 to the employees. Reduced EI rate received in the middle of the year? SimplePay will auto calculate and implement retroactive remittance adjustments.
Ref: Your responsibilities once EI premium reduction is granted:
www.servicecanada.gc.ca/eng/cs/prp/0200/0200_060.shtml
28 Jan 2014