PwC Federal Budget instant reaction: Employment Insurance premium rate is
frozen - good news for Canadian business and employees

TORONTO, March 4 /CNW/ - PwC tax specialists commented today:

The Federal Government let Canadian business and employees know today that it is freezing the Employment Insurance premium rate at $1.73 per $100 of insurable earnings to the end of 2010 - the lowest rate since 1982 - in order to leave more money in the hands of employers and employees. This will mean good news for Canadian business and employees, who were expecting these rates to increase.

A PwC Budget Flash with additional Budget highlights has been issued today followed by a detailed Budget Memo later this evening. For more information and detailed commentary on the Budget please contact, Kiran Chauhan, [email protected], 416-947-8983 or visit www.pwc.com/ca/budget.

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For further information: Kiran Chauhan, [phone], [email protected]