Stephan Harpers Finance Minister Joe Oliver Redefines A Good - TopicsExpress

Stephan Harpers Finance Minister Joe Oliver Redefines A Good Paying Job! Finance Minister Joe Oliver has announced this latest cut in employment insurance premiums targeted at small businesses that pay up to $15,000 in EI premiums as a way to stimulate creation of good paying jobs. Sounds good, at least in theory, to create just 1 job from those savings, that company would need to have an annual payroll of $7,142,857.14 ...just to cover the minimum wages rate ($20k gross)... The savings from this cut amounts to a staggering .0028% of a companies payroll... BUT if your company annual payroll is higher than $797,872.34 which maxes out the $15,000 in EI premiums you are S.O.L. Therefore qualified businesses will have whopping $2,234.04 to create a new job with... Certainly puts a new spin on the definition of a good paying job in Canada!

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