EI premiums

10:18AM
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Unemployment spike may trigger rethink of EI program in Atlantic Canada and beyond

The rest of the country may not be willing to subsidize Atlantic Canadian seasonal workers like in the past.


10:58AM
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As a share of GDP, business investment in Canada stands around 11 per cent.


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A new year can bring new possibilities. It’s a chance to take stock of what we’ve accomplished in the past year and to set new goals for the future. It’s also, however, when Canadian governments typically enact new taxes. Unfortunately, governments across the country in recent years have been all too keen to bring in new taxes or increase existing ones, resulting in squeezed household budgets. The question for 2014 then, is will this trend continue or will governments recognize it’s time to give taxpayers a break?


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Imagine a world where your car insurance company charges everybody the same premium; the premium doesn’t depend on your driving record or the number of claims you make. Nor does the premium depend on your age or other characteristics that increase your risk of getting into an accident.

Such a system seems absurd because it benefits bad drivers at the expense of good drivers. But this is exactly how Canada’s employment insurance (EI) program operates.