Mr. Speaker, beginning in 2017, premiums will be set according to a seven-year break-even rate, ensuring that premiums are no higher than they need to be.
Clearly the NDP does not understand small business. They should listen to those who do. Monique Moreau, from the Canadian Federation of Independent Business, said that small businesses in Canada should be thrilled with this announcement because they have said time and time again that payroll taxes like EI are the biggest disincentive to hiring.