December 11, 2003

Department of Finance Posts Results of Employment Insurance (EI) Rate-Setting Consultations

During pre-budget consultations, a number of stakeholders asked the Government to develop a more transparent and sustainable process for setting EI contribution rates.

In response, the Government conducted consultations on a new permanent rate-setting regime for 2005 and beyond.

The deadline for submissions from stakeholders was June 30, 2003. A summary of submissions has been posted on the Department of Finance Web site at http://www.fin.gc.ca/activty/consult/eirates_e.html.

Legislation to implement the results of the consultations will be introduced in time to have the new rate-setting regime in place for 2005.

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For further information:

Andrée Houde
Public Affairs and Operations Division
(613) 996-8080