The Small Business Job Credit will effectively lower small businesses’ Employment Insurance (EI) premiums from the current legislated rate of $1.88 to $1.60 per $100 of insurable earnings in 2015 and 2016. Any firm that pays employer EI premiums equal to or less than $15,000 in those years will be eligible for the credit. Almost 90% of all EI premium-paying businesses in Canada will receive the credit, reducing their EI payroll taxes by nearly 15%.
Justin say wha???
Do franchises fall into the category of a small business?
Another manifestion that the election is underway.
In my mind, the response shouldn’t be “thank you”. After all, that’s our money to begin with, not the government’s. Secondly, there should be a reduction in rates across the board. This cherry picking of winners and losers by the government hurts everybody.
Based on the abuse of EI that I’ve seen, I recommend reducing payouts by at least 20%.
Having a government know that their chances of re-election hinge on the performance of the economy may be the best thing conservatives can hope for. This is one of those tax cuts that will grow the economy and should actually increase government revenue for years to follow.
Good points Tom, However … Thank you is in order as they have many choices on what to cut. They chose substance over glitz.
Sensible policy. Never to be implemented in the Maritimer pogey heaven. You can bet the provincial governments are already working hard on counter measures.Least they be left with only Muslim immigrants.
Harper boys did a good rollback for business. We keep this up most American home offices will be here.
Its a nice start.
Faster, please.
That’s OK Kathleen has a plan to Hoover up that “excess”
into her new Ontario Pension Plan. Not to worry…..