Tories’ job-creation scheme falls short: Editorial
Finance Minister Joe Oliver announced with great fanfare the government would cut EI premiums for small business. Analysts, taxpayers and workers were underwhelmed.
"For one tantalizing moment, it looked as if Joe Oliver was going to cut employment insurance premiums.
The anticipation quickly died. All the federal finance minister announced was that the government was giving small business owners a two-year payroll tax break.... Workers will have to wait until 2017 for lower EI premiums. So will large companies that do most of the hiring.
Beginning next January, enterprises with fewer than 20 employees will pay 15 per cent less into the EI fund. But the workers they hire won’t get any payroll tax relief. Neither will the other 19 million members of Canada’s labour force."
Finance Minister Joe Oliver announced with great fanfare the government would cut EI premiums for small business. Analysts, taxpayers and workers were underwhelmed.
"For one tantalizing moment, it looked as if Joe Oliver was going to cut employment insurance premiums.
The anticipation quickly died. All the federal finance minister announced was that the government was giving small business owners a two-year payroll tax break.... Workers will have to wait until 2017 for lower EI premiums. So will large companies that do most of the hiring.
Beginning next January, enterprises with fewer than 20 employees will pay 15 per cent less into the EI fund. But the workers they hire won’t get any payroll tax relief. Neither will the other 19 million members of Canada’s labour force."
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