2021: A Higher Tax Season | Feb 26, 2021
EI Premium Rate Hike:
The previous Conservative government lowered EI premium rates to $1.49 in 2015. In 2020, because of more Liberal spending, the rate will be $1.58 meaning workers and businesses will pay more.
Income-Splitting for Family Businesses Rolled Back:
The Liberal government has increased taxes and made the rules more complicated for business owners that employ family members.