Employees will bear a large portion of the cost of higher EI premium rates in the form of lower wages.
Some workers remain unemployed because the benefits are generous.
The rest of the country may not be willing to subsidize Atlantic Canadian seasonal workers like in the past.
EI benefits are based on unemployment in each of Canada’s 62 EI regions.
Albertans contributed $2.9 billion more to the CPP than they consumed in 2017.
For now, the new wage subsidy program will cost $71 billion.
Effectively, the CERB will now cost $40 billion, up from $15 billion.
The $3.8 billion program will provide up to $25,000 in subsidies per employer.