Mr. Chair, we understand that small business is a cornerstone of our economy, creating jobs that support families in all our communities.
That is why we introduced a three-year freeze on EI rates. That will leave $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. This will ensure that premium revenues are no higher than the actual costs of the EI program.