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Small Business Job Credit to lower E.I. premiums for small businesses

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Leeds Grenville MP Gord Brown applauds Minister of Finance Joe Oliver’s introduction of the new Small Business Job Credit which is expected to save small businesses more than $550 million over the next two years.

The Small Business Job Credit will effectively lower small businesses’ Employment Insurance premiums, reducing their EI payroll taxes by nearly 15%. In addition, all employers and employees will benefit from a substantial reduction in the EI premium rate in 2017. For more info, visit the Canada Revenue Agency website.

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