Sentences with phrase «employment insurance premium revenues»

This is what happened when unions launched a challenge over the fact that employment insurance premium revenues exceeded the cost of the employment insurance program.

Employment insurance premium revenues declined by $ 945 million (4.1 %), attributable to the decline in premium rates in 2017, from $ 1.88 per $ 100 of insurable earnings in 2016 to $ 1.63 in 2017 (employee rate).

The higher revenues primarily reflect higher employment insurance premium revenues in the short term and increased personal income tax revenues in the last two years of the forecast period.

For example, the employment and unemployment forecasts are used to forecast employment insurance premium revenue and benefits.

Not exact matches

About half of the year - over-year increase in budgetary revenues was attributable to higher personal income taxes, Goods and Services (GST) revenues and employment insurance (EI) premiums.

Among the major revenue components, personal income taxes increased by $ 5.8 billion (primarily reflecting a 4.8 % increase in wages and salaries coupled with a progressive tax system), corporate income taxes were up $ 1.7 billion (corporate profits were up 15 % but the general tax rate declined from 18 % in 2010 to 16.5 % in 2011) and employment insurance (EI) premiums rose by $ 1.1 billion (both the EI rate and insurable earnings subject to the rate were higher).

A far bigger move is being championed by interim Liberal leader Bob Rae — encourage hiring, and forgo $ 1.2 billion in federal revenues, by cancelling the scheduled Jan. 1, 2012, increase in Employment Insurance premiums.

Of the $ 3.2 billion year - over-year improvement, budgetary revenues were up by $ 3.9 billion, primarily due to higher personal income tax revenues (up $ 3.4 billion, reflecting increases in employment and average wages) and employment insurance premiums (up $ 1.6 billion reflecting higher premium rates and an increase in maximum insurable earnings).

Dampening these increases were lower GST revenues, down 18.4 %, and lower employment insurance premiums, down 12.7 %, reflecting a decline in premium rates in 2017.

The deterioration in the deficit primarily resulted from lower corporate income tax revenues, down 16.3 % (in part reflecting higher refunds), lower GST revenues, down 7.6 %, lower employment insurance premiums, down 12.5 % (reflecting a decline in EI rates effective January 2017), and higher other transfers and subsidies, up 38.0 % (reflecting the timing of payments related to recent budget proposals).

Today, finance minister Jim Flaherty announced a three - year freeze on Employment Insurance (EI) premiums, ostensibly because a stronger job market has alleviated the need for additional premium revenue.

Within budgetary revenues, gains were recorded in income taxes and employment insurance premiums, while declines were reported in sales and excise taxes / duties and other revenues.

Personal income tax revenues are running above their November 2011 Update projection, while employment insurance premiums are below their Update estimate.

Liberals: Cut the middle income tax bracket from 22 % to 20.5 % for Canadians earning between $ 44,700 and $ 89,401 a year, amounting to savings of $ 670 a year (or $ 1,340 for a two - income household); create a new tax bracket of 33 % for those earning $ 200,000 a year or more; reduce Employment Insurance (EI) premiums to $ 1.65 per $ 100; have the Canada Revenue Agency (CRA) contact people who have tax benefits but aren't collecting them; cancel income splitting for families but keep it for seniors.