And now the CON’s Screw the rest of Us

EI premiums will rise: Flaherty

Ontario’s McGuinty says timing is wrong, given economic uncertainty

Last Updated: Thursday, September 9, 2010 | 4:12 PM ET 

A freeze on employment insurance premiums that has been in effect for two years will end in the coming budget, which means premiums will soon rise, Finance Minister Jim Flaherty says.

Finance Minister Jim Flaherty, seen in April, has said the two-year freeze on EI premiums will soon come to an end.Finance Minister Jim Flaherty, seen in April, has said the two-year freeze on EI premiums will soon come to an end. (Mark Blinch/Reuters)

“EI premiums were frozen as part of the Economic Action Plan,” Flaherty told reporters in Kitchener on Thursday. “They were frozen as a measure to help Canada come out of recession.”
Now that the economy and jobs picture has improved, he said, Ottawa has no plans to continue the freeze for the coming fiscal year, he said.
Flaherty was responding to a news report that said EI premiums could be set to increase by nearly 10 per cent on Jan. 1.
“The situation with EI would remit to the normal situation and the freeze would end,” he said.
Flaherty also confirmed Ottawa has no plans to delay a second major change to Canada’s employment insurance system, which is on track to be in effect as early as this weekend.
The EI Fund Currently has a $57 Billion SURPLUS!!

Read more: http://www.cbc.ca/money/story/2010/09/09/ei-premiums-flaherty.html#ixzz0z4OMPdxn

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