🚀 go-pugleaf

bn207@FreeNet.Carleton.CA (Patrick Coghlan) wrote:
>
>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.


This change in EI rules is designed to level the playing field between 
full and part time workers.  Since part-timers will no longer be 
artificially less expensive than full-timers, there will be less 
incentive for employers to offer one job to three people.


>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???


The big increase in premiums will be among part-timers whose annual 
incomes are much less than $20K.



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


Where is the tax grab?  The premiums go into the EI account, and 
surpluses there are for years when benefit payouts rise due to 
recessions.


>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.  


Bermuda eh?  Is this your idea of news?


>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).


What is the current combined marginal tax rate in Ontario?  What will it 
be in 1999?


Rod