Employment Insurance Premiums: Employment Insurance

Employment Insurance: Increased payroll deductions for a new Ontario Pension Plan could be offset by reductions in premiums for the Employment Insurance program, Martin said at a news conference, according to 660 News. Business groups, and the federal Conservative government, say the economy cant handle an increase in pension contributions, which they call a job-killing payroll tax and TORONTO Former prime minister Paul Martin, who once called payroll taxes a cancer on the economy, joined Ontario Premier Kathleen Wynne on Wednesday to advocate for a provincial pension plan that would require employer and employee contributions. According to the governments own projections, Employment Insurance premiums are to drop, he said. If you take a look at that drop and the way in which you could scale up the increase in pension premiums, you can do this without affecting peoples take-home pay to any extent. (www.immigrantscanada.com). As reported in the news.