November 8th, 2011
Finance Minister Flaherty announced today that the proposed 2012 hike in EI rates will be slashed.
EI premiums were going to increase in the 2012 by 10 cents per $100 for employees and by 14 cents per $100 for employers. That has been slashed in half to 5 cents and 7 cents.
In real dollars, this isn’t a lot of money actually saved per employee. In my opinion, it’s more of a way for the Canadian government to acknowledge that the job market is not strong.Filed under: Business tax, Personal Tax by David Boese No Comments »