If you're working, more money will be taken out of your pay cheque for employment insurance and Canada Pension in the new year. The increase will amount to 323 dollars a year for employees and employers.
The Atlantic Director of the Canadian Taxpayers Federation, Kevin Lacey calls that one of the single largest increases since 2002 and tells CHSJ News, the Harper Government claims the programme is now underfunded but there were actually huge surpluses in years gone by but the federal governments of the day managed to spend that money.
Lacey likens any increase in payroll taxes to a job killer at a time when the provincial economy is in such a fragile state.