240 - Are you ready to take a pay cut?
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Atlantic mandate
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CFIB is lobbying government to rethink its plans to hike Employment Insurance (EI) rates in 2011.
Our research shows that if government moves forward with these plans, EI premiums will increase by almost 35% over the next four years. This is outrageous given the $57 billion in surplus premiums taken from the pockets of employers and employees over the past decade. Add the possibility of mandatory increases in CPP premiums, and it will be very difficult for many small businesses to hold on to their employees, much less create new jobs.
We've met with dozens of MPs, appeared at multiple Committee hearings and used every opportunity to urge government to reverse its decision and find ways to minimize the impact of EI rate increases.
We also launched a postcard campaign for you and your employees. We strongly encourage you to show how widespread the opposition is to EI rate hikes by signing our postcards and hanging our EI posters for your employees to sign.
Other threats to payroll loom...
- The federal and provincial governments are considering raising Canada Pension Plan (CPP) payroll taxes
- Workers' Compensation rates may also increase in many provinces
This means that starting next year, small businesses may be facing much higher payroll tax burdens just as the economy is beginning to recover. Rest assured: fighting payroll tax increases is a major focus for CFIB.
