Mr. Speaker, today we announced three things: first, we are limiting a maximum rate increase to 5¢ for 2011 for EI; second, 10¢ for subsequent years; and third, we will consult on how we can further improve the EI rate-setting mechanism.
This is supported broadly by the small-business community in Canada. As the CFIB said, it:
applauds the news that government will limit the 2011 EI premiums increases...saving employers and employees more than $1 billion in 2011.... [W]e are pleased to see the government take a major step on this critically important issue