Mr. Speaker, as the member should know, the Conservatives' so-called hiring credit will actually punish small businesses if they either hire new employees or pay higher wages to existing employees.
In fact, companies that qualified in 2011 but then grew too big to quality in 2012 could face an EI premium hike of as much as 14¢. This is eminently fixable. We Liberals proposed an amendment in the finance committee that would have fixed it. We were supported by CFIB, the Canadian Federation of Independent Business.
My question to the Conservatives is: Why are they forcing EI premium hikes on Canadian small businesses?