Firms, workers to pay $306 more for EI, CPP premiums starting Jan. 1



Even without major tax hikes, Canadians' take-home pay will get a little lighter starting Jan. 1.

The Canadian Taxpayers Federation says premium hikes for employment insurance and the Canada Pension Plan will take about $306 out of the pockets of both workers and employers in 2012.

Workers are seeing their EI premiums rise by five cents per $100 of insurable earnings to $1.83 on Jan. 1, while the maximum insurable pay increases to $45,900 from $44,200. In addition, the maximum pensionable earnings rise to $50,100 from $48,300.

That will take about $142 from employee paycheques who qualify for the maximum over the year. The hit on employers is slightly more, $164.

http://ca.finance.yahoo.com/news/firms- ... 10643.html



Auserity through the back door...fricken government idiots

THEY are doing similar in the States.

All the while the BANKERS get bailed out by their GOVERNMENT buddies. And lets not forget that THEY all get pay raises while we get taxed to death, at least if we have a job.