Tuesday, December 30, 2008

So Much For Those Tax Cuts

According the CBC and the CTF, even with the record EI surplus, EI premiums have gone up, and when combined with CPP deductions, we're going to see the biggest rise in payroll taxes, $188, in 7 years.

I guess members of the Canada Employment Insurance Commission went to the deficit Jim School of Economics.

1 comment:

janfromthebruce said...

Well, one way to prevent payments from going up, it is for accounts to return the 54 million that went into the general govt account fund, and back into the EI kitty. Also, EI should be operated as a arms length corporation so that any govt of the day cannot skim the surplus during "good times" and leave it empty during "bad times."
It reminds of surplus pension plans operated by corporations. This skim the surplus, and as we have seen recently, those same corporations are now asking for reprieve and bailouts for their pension fund contributions. Gee where did those surplus funds go?
Government needs to "role model" ethical and good corporate behaviour if it wants private nation-based corporations to do the same.