Canada’s EI system is facing a shortfall in the wake of the recession, but is increasing premiums during the recovery the way to go?
Canada’s employment insurance (EI) system may be at a crossroads. Several years ago, many thought the premiums employers and employees were required to pay into the system were higher than necessary to maintain it. The money taken in from premiums were greater than the cost of benefits and, as a result, the EI fund grew a surplus of $57 billion.
