An Act to amend the Employment Insurance Act and the Employment Insurance Regulations (Prince Edward Island)
The Employment Insurance (EI) program divides the province of Prince Edward Island into two economic regions: the Census Agglomeration (CA) of Charlottetown, and the region of PEI excluding the CA of Charlottetown.
Bill S-236 proposes the elimination of economic regions in PEI for the EI program. If adopted, a single unemployment rate will be used to assess the claims of PEI residents, instead of the two distinct unemployment rates currently used for each of the economic regions.
The PBO estimates this measure will generate around $76.6 million in savings for the Federal government between 2021-22 and 2025-26.
The measure will affect both regular and fishing benefits for the residents of Prince Edward Island.