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Finance committee  No. The budget stated that the rate increase of 5¢ until the balance is achieved would lead to a review of the board's mandate. The purpose of this operation was to establish the contribution rate as effectively as possible from a financial perspective. So following that review

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  Hello again. Division 22 suspends the Canada Employment Insurance Financing Board until the EI operating account has returned to a cumulative balance and the CEIFB can fulfill its full legislative mandate. In the interim, the premium rate will be set by the Governor in Council

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  Bill C-45 suspends the board. Once the account is in the black, the board will determine the contribution rate based on the new approach under Bill C-38. Starting today and until then, the rates will increase by 5¢ each year to balance out. Since the board cannot fulfill its dut

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  Yes, as long as the business meets the eligibility criteria, meaning that it makes contributions of less than $10,000 and there is an increase in those contributions from one year to another.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  The measure aims to simplify administration. This is done through the Canada Revenue Agency. These are aggregate amounts, meaning the contribution levels, the subtraction of one compared with the other and the allocation of a credit.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  We do not have information on that.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  I don't think we have specific data in that respect but, given that the credit is applied automatically, it is really where the small businesses are located. So the distribution would be the same in terms of small businesses in Canada.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  Through the various means of consultation available to our ministers and the government, consultations are always carried out. This measure, in particular, was undertaken by certain groups of employers, including the Canadian Federation of Independent Business.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  That would have been done as part of the pre-budget consultations and other consultations that the ministers and departments carry out regularly.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  The numbers we have are the same as the ones in the budget: it will cost $205 million, and it could affect 535,000 employers.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  We have no other information.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  Given that the measure is included in Canada Revenue Agency income tax returns, we do not have that information. The tax credit is really allocated based on the increase in contributions from one year to another.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  It is taken from the employment insurance account.

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  The calculation is exactly as it was last year, and it was based on the employers' 2011.... It's going to be on the 2012 premiums, minus those paid in 2011. I would think that it would be based on what they paid as opposed to what the credit.... It would be based on what they p

November 5th, 2012Committee meeting

Mireille Laroche

Finance committee  I'm not sure. The only calculations we have are with respect to the actuals. In terms of the revenue, they would be on page 239 of the budget document itself.

November 5th, 2012Committee meeting

Mireille Laroche