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CME plans active role in EI premium consultations

Published by Steve Coleman on August 18, 2011

Canadian Manufacturers & Exporters plans to play an important role in advocating for a better system that provides incentives for businesses to invest in workplace skills training.

The federal government announced Aug. 18 that it plans online public consultations on how it should set the Employment Insurance premium.

"CME intends to play a leading role in these consultations, notably by advocating for an EI system that provides incentives to employers to further invest in workplace skills training," says Jayson Myers, President and CEO of CME. CME has been actively promoting the creation of an Employers Training Tax Credit that can be applied against EI premiums to recognize and encourage business investments in maintaining and upgrading the skills and capabilities of their workforce. This is proposed on the basis that it is far more productive to keep people employed and to upgrade their skills on the job than to attempt to provide transitional training for unemployed workers in a fragile economy.

As a part of the consultation, the federal government says it plans to ensure the EI program breaks even over time without large cumulative surpluses or deficits. At the same time, it says it plans to keep the rate-setting process transparent.

The consultation process includes an invitation to present written submissions. Individuals interested in taking part online can reach the government through the following link: http://www.fin.gc.ca/activty/consult/eiprs-etcac-eng.asp.

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