Sentences with phrase «higher employment insurance premiums»

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.

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).

However, as these higher expenses are financed by employee - employer premium rates, employment insurance premiums are higher than in the March 2011 Budget, especially in 2015 - 16.

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).

Second, even the small amount in the «cookie jar» would not exist if the Finance Department had not continued to use higher - than - required employment insurance premiums to help generate the budgetary surpluses in 2015 - 16 and 2016 - 17.

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).

Your credit score affects your life significantly - an excellent credit score can open many doors (better chance of getting loans, a good job, renting a house or paying less for insurance), and a poor credit score can hinder your possibilities of employment or make you pay higher insurance premiums or higher interest rates on your credit cards.

Commencing in 2017, the government will implement the seven - year break - even Employment Insurance premium rate - setting mechanism, which will ensure that EI premiums are no higher than needed to pay for the EI program over time.

Furthermore, incurring points from traffic violations can result in higher car insurance premiums and fewer driving employment opportunities for residents of New Mexico.

Mistakes on your driving record can lead to higher insurance premiums and may even impact your employment.

Also, upon termination of employment, the employee usually does not convert their term life coverage to a permanent life insurance policy, because the premiums are much higher.

Mistakes on your DMV driving record can lead to unnecessarily high auto insurance premiums and reduced chances for driving - related employment.

The location of several institutions of higher learning in the Evansville area, such as the University of Southern Indiana, provides many cultural and employment benefits, but residents may be subject to higher auto insurance premiums because of the college - age population.

Some other factors that increase insurance premiums include younger drivers, single marital status, previous driving offenses, higher risk employment, and a bad credit score.