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Government limits EI premium increases for 2011


October 5, 2010
By Amanda Ryder

Oct. 5, 2010 – The Retail Council of Canada (RCC) commends the Minister
of Finance and the Government of Canada for limiting the 2011
employment insurance (EI) premium increase to $0.05 for employees and
$0.07 for employers.

Oct. 5, 2010 – The Retail Council of Canada (RCC) commends the Minister
of Finance and the Government of Canada for limiting the 2011
employment insurance (EI) premium increase to $0.05 for employees and
$0.07 for employers. This is welcome news for retailers and their employees as they anticipated much higher EI rates in 2011. 

"Retailers are happy the government has listened to their concerns and
reduced the level of EI increases during a time of fragile economic
recovery," says Diane J. Brisebois, President and CEO of Retail Council
of Canada. "Though not the freeze we were looking for, this is a
reasonable increase that will help minimize the impact on our members
and an economy that is still struggling to regain its footing following
the recession."

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RCC was also encouraged by the announcement that a review of the EI
system will be undertaken and that limits will be placed on future
increases. This will provide retailers with a greater incentive to
retain current employees and to add jobs in future, which is critical
to stabilizing the country's economy.

"We appreciate the government's leadership on this issue," adds
Brisebois. "Scaling back these increases will save Canadian businesses
over $640 million in 2011, putting them in a better position to hire
and retain employees."


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