Employment Insurance Regulations

76.26 (1) The Minister of National Revenue shall pay to a province that has a provincial plan a premium adjustment consisting of the total of the amounts that represent the premium reduction in respect of

• (a) all amounts that are deducted by employers in a year, as or on account of employee’s premiums, for every employee referred to in section 76.24 who resides in that province on December 31 of that year; and

• (b) all amounts that are remitted by employers in a year as employer’s premiums for every employee referred to in section 76.24 who resides in that province on December 31 of that year.

(2) The payment referred to in subsection (1) may be made by the Commissioner of Customs and Revenue.