It was touted as a job-creator in a tough job market, but new evidence suggests the Conservative plan to cut Employment Insurance premiums for small business won't achieve its stated goal of making it easier for employers to hire new workers.
And the head of a key lobby group acknowledges the decision by the government may be linked to other political considerations.
In a new report, the parliamentary budget officer, Jean-Denis Fréchette, says the small business job credit announced last month by Finance Minister Joe Oliver would generate only 800 new jobs over two years — 200 new full-time equivalent jobs in 2015 and 600 new jobs in 2016.
And the head of a key lobby group acknowledges the decision by the government may be linked to other political considerations.
In a new report, the parliamentary budget officer, Jean-Denis Fréchette, says the small business job credit announced last month by Finance Minister Joe Oliver would generate only 800 new jobs over two years — 200 new full-time equivalent jobs in 2015 and 600 new jobs in 2016.