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November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  No, we have not done that because that goes through corporate taxes. We can probably look at that and get back to you.

November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  Well—

November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  You are absolutely right. When we do the “Fiscal Sustainability Report”, part of the reason we do the provinces, the CPP and QPP, is to give Parliament the view of the total economy and what the situation is. We see that the federal government has room and the provinces don't ha

November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  Obviously it is.

November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  Thank you very much.

November 3rd, 2014Committee meeting

Mostafa Askari

Finance committee  Thank you. Good morning, Chair, Vice-Chair, and members of the committee. Thank you for the invitation to appear before the committee today. I will make a few brief remarks to set the context for the questions that you may have regarding the small business job credit. While

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  The way that the program is structured is that as soon as there is an accumulated balance in the account, the rate is supposed to be set in a way that this balance disappears. The break-even rate over the seven-year period would maintain a relatively stable premium rate and there

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  This is a question that we have asked in the past. According to the Department of Finance's own numbers in the fiscal update, the account will be in surplus in 2015 and 2016. There is really no reason as far as the Employment Insurance Act is concerned to keep the rate at 1.88, b

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  That's right. The only explanation that we have heard was for fiscal planning purposes, but we don't know exactly to what end.

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  We asked the Department of Finance for the numbers and they provided the numbers to us. It's based on their estimates according to the data for 2012. There are 10,000 small businesses that fall in that category of $14,000 to $16,000 in EI payments. That's all the information that

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  Potentially.

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  No. We have not seen any estimates from the government.

November 18th, 2014Committee meeting

Mostafa Askari

November 18th, 2014Committee meeting

Mostafa Askari

Finance committee  We looked at what they have published on their website in terms of what methodology they used. They have used an estimate for pension premium changes that was, from my recollection, originally estimated by the University of Toronto. They have turned that into the number of jobs o

November 18th, 2014Committee meeting

Mostafa Askari