Introducing…the Small Business Job Credit

Businesses who pay up to $15,000 in EI premiums annually will soon pay $1.60 per $100 of payroll instead of $1.88. The Government of Canada estimates that this will benefit approximately 780,000 Canadian businesses.

No paperwork will be required! Revenue Canada will automatically calculate the credit when companies file their taxes.

The credit will be effective January 1, 2015 through 2016.