Good news! The Hiring Credit for Small Business has been renewed for 2012. You could be eligible for up to $1000 in savings in EI premiums for 2011 and 2012.
If you have relatives working in your business, you may be paying EI premiums for them needlessly. In order to determine if they are insurable you need to request a ruling as to their insurability.
Since January 1, 2011, Small Business Owners across the country are entitled to EI special benefits such as maternity, parental, sickness and compassionate care. How does this affect you and your business? Are the benefits the same everywhere? What are the conditions? How do you apply? CFIB lobbied to have a fair program but one that is self-sustaining and offers you, the entrepreneur, protection in a variety of circumstances.
The Premium Reduction Program allows employers to pay EI premiums at a reduced rate if their
employees are covered by a short-term disability plan that meets certain criteria set by Service Canada.
The Record of Employment (ROE) can be completed online. Now that ROE Web has been improved, it is even more likely to save members a huge amount of time and money by greatly reducing the paper burden involved and the potential for mistakes in filling out the forms," said CFIB's executive vice-president.
