Ted Hsu at the Finance Committee

On November 18th, 2013. See this statement in context.

November 18th, 2013 / 4:50 p.m.

Liberal

Ted Hsu Liberal Kingston and the Islands, ON

I want to follow up on something which I think is related to one of Mr. Keddy's questions.

The minister's fiscal update last week mentioned that the EI account is projected to balance in 2015 and will be going to roughly a $5.6 billion surplus by the end of 2016. The fiscal update also projects that the EI rate will fall in 2017 from $1.88 to $1.47.

With that kind of surplus in the EI account by 2016, what's the rationale for freezing EI rates at $1.88 for so long? Could it fall in 2016 instead of waiting all the way until 2017?

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