immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Finance Minister Jim Flaherty

Finance Minister Jim Flaherty: Planned rate increases are no longer necessary because the separate account through which the government manages the fund is looking healthier than it did a few years ago, Finance Minister Jim Flaherty said Monday, according to CTV. "More people are working, so more people are paying into the operating account of the employment insurance plan and fewer people are claiming," Flaherty said at an event south of Ottawa and OTTAWA -- Employers and workers will get a small break over the next three years as the Conservative government freezes employment insurance premiums at the current level. The account, which ran a deficit following the economic downturn, is on track to return to balance faster than expected. (www.immigrantscanada.com). As reported in the news.