Mr. Speaker, I mentioned in my speech that the number of companies that would be eligible for the new hires program would be very minimal. It is supposed to be geared toward small business enterprises, but it will actually only help a few very small businesses with less than 10 employees.
What will be the repercussion? Even if they were eligible to get the $1,000 maximum eligible tax credit, it would be taxable and then it would be offset by an increase in employment premiums.
The small businesses in my riding will not be any further ahead.