Update – Employment Insurance premiums

by Joel Sandwith on September 30, 2010

Last week, I posted a blog about rising Employment Insurance premiums.  It had been announced that as of January 1, 2011, EI premiums would go up, reducing the take home pay of workers and costing their employers more money as well.   Well, I don’t know if the Minister of Finance reads this blog, but he has decided to cut that increase substantially.  This is good news – although premiums will still rise by 5 cents to $1.78 per $100.00 of earnings, it is much better than the $1.93 per $100 that was projected.

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