Mr. Chair, we have frozen EI increases for a period of three years. We understand that small business is the cornerstone of our economy, creating jobs that support families and communities. That is why we announced the three-year freeze. This will $660 million in the pockets of job creators and workers this year alone.
What is more, beginning in 2017, premiums will be set according to a seven-year break-even rate, and that will ensure premiums are no higher than they need to be.