Government Giving You a Pay Cut

The Canadian government is seeking to reform the Employment Insurance System and hike premiums. As a small business owner I know the effects of Payroll deductions and remittances on both employer and employee side.

The Canadian Federation of Independent Business protects the interests of small business owners in Canada and has put together the following.

As reported by CFIB, the government had $57 billion extra for Employment Insurance that was spend elsewhere. So now we’re all left to pay for it through an expected 35% increase in EI premiums over the next four years. So take home for EVERYONE will be down.

Do your part and follow the steps the CFIB outline.