T4 Box 24 - EI Insurable Earnings

Starting in January 2012 (for the 2011 tax year), box 24 must always be completed. The software enters the lesser of box 14, "Employment Income," and the maximum insurable earnings as the employee’s insurable earnings amount.

If the insurable earnings differ from the employment income entered in box 14, override box 24. Enter “0” if there are no insurable earnings.

If the earnings are indicated as EI exempt in box 28, box 24 will default to zero.