🚀 go-pugleaf

Lyle Craver (lcraver@vcn.bc.ca) writes:
> In article <4uoiqo$1aii@uvaix3e1.comp.UVic.CA>,
> klassen@uvaix3e1.comp.UVic.CA (Melvin Klassen) wrote:
>>The tax is calculated at the end of each pay-period, i.e., "pay-as-you-go",
>>until the "cap" is achieved.
> 
> The bad news is that starting Jan 1, 1997 Unemployment Insurance (soon to be 
> renamed Employment Insurance) is to have a cap that's to be administered 
> exactly the same way as Canada Pension. If memory serves the cap is at $39,000 
> of 'insurable earnings' with virtually no deductions - e.g. the 15 hour/week 
> rule is being eliminated.

What!  You mean that people earning $50-$60K+ are going to have 50-100%
higher UI/EI premiums for over half the year now!  What's next, giving the 
government everything you earn up until June 30th and then keep the rest???

I'm getting tired of more tax grabs.  Can we have an election please so that
we can get some TAX BREAKERS elected?

It's bad enough that we already have lots of high tech people moving to
the US.  Over the weekend I heard some stories of chartered accountants 
moving to Bermuda for a few years where they pay ZERO income tax and only
a 4% health tax.  

This type of talent migration is only going to accelerate once Bob Dole
gets elected and the top combined tax rate drops to something like 34%
just across the boarder while we are still struggling with 50%+ in most
provinces (except Ontario in 1999).

> Now one thing I do NOT know from Rev Canada is whether we will continue to be 
> required to deduct UI from students - most of whom are ineligible for UI/EI 
> when they return to school in any case. (The only exception I know of is for 
> those injured on the job who are deemed 'available for work' while still 
> injured even though they may be back at school by then ... only reason >I< 
> know of this one is that that was me some 20 years ago. Of course the rules 
> may well have changed by now)


--

-Pat  

bn207@freenet.carleton.ca