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Government Policies –
Unemployment Insurance (EI) –
Canada
By: Paul Young, CPA, CGA
Disclaimer
• This presentation is one opinion on Unemployment Insurance
Paul Young - Presenter
Bio
• CPA/CGA
• 25 years of experience in Academia, Industry and Financial solutions
• Youtube Channel -
https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
Agenda
• What is Unemployment Insurance
• Qualification
• Job creation/Feb 2016
• Federal Budget
• Youth Employment
• Job Quality
• Job Creation
Canada Unemployment Insurance
Payroll tax rates
Maximum coverage
Job losses by Sector
2016-2017 Federal Budget
2016-2017 Federal Budget
Job Creation
• Youth Unemployment – Canada
• http://www.thestar.com/opinion/commentary/2016/02/08/youth-
unemployment-finally-on-the-radar-screen-goar.html
Issues:
• It seems to me that provinces control post-secondary education and skills
training as such how are they adapting their policies to support areas that
have more upside when it comes to careers?
• Careers http://careers.workopolis.com/advice/ten-jobs-with-plenty-of-
openings-on-workopolis-that-pay-double-the-canadian-average-wage/
• Job Market 2016 - https://www.youtube.com/watch?v=HGLXBxmE2d4
• How to managed your career -
https://www.youtube.com/watch?v=EoRxR7OpEK0
• Unemployment - http://www.statcan.gc.ca/daily-
quotidien/160205/dq160205a-eng.htm
Job Quality
• Here are issues facing the labor market which drives job quality:
• Closing the private/public sector payroll gap - http://www.cfib-fcei.ca/english/article/7114-public-sector-
workers-earn-more-work-less.html
• Integrated economic strategy between provinces including trade barriers, maximizing or expanding existing
programs, capping hydro rates, reduction in red tape, moving projects quicker through environmental process.
Mulcair never talks about these areas, why? http://www.slideshare.net/paulyoungcga/internal-trade-canada
or http://www.cfib-fcei.ca/english/article/6893-red-tape-accountability-report-card-2015.html. How many
provinces in this list are NDP or Liberal-led (Manitoba and Ontario).
• Re-aligning skills trade with jobs opening and for the future
http://static1.1.sqspcdn.com/static/f/1493895/25691274/1416506638937/Final+Skills+Shortage+CFCM+Octob
er+2014+1.pdf?token=Cqr6RoDF%2F9ZqL3kCPF8eBgmF7rg%3D
• Stopped introducing bad taxation policies masked at helping the environment
(http://www.slideshare.net/paulyoungcga/carbon-tax-canada-and-its-provinces) and/or provincial pension
plans (http://www.cbc.ca/news/business/canadians-are-saving-enough-for-retirement-says-c-d-howe-study-
1.3100653)
• Provinces looking at innovation ways to deliver program spending in areas like healthcare and education -
http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending or
http://www.therebel.media/canadian_doctor_the_harper_government_is_actually_making_the_right_choice
_regarding_healthcare_funding
Job Quality /technology issues
• Accounts Payable and Accounts Receivable Clerks have been replaced via digitalization and automatic payments -
http://www.bankofcanada.ca/core-functions/financial-system/canadas-major-payments-systems/
• Robotic and Laser Welding have led to automation in manufacturing -
http://www.canadianmetalworking.com/features/welding-automation-for-the-people/
• Business Analytics are being used to advance the scientific research -
http://www.theglobeandmail.com/news/politics/ottawa-reveals-details-of-15-billion-fund-for-science-
strategy/article21957502/
• Retailers are going more to eCommerce hence the reduction in the need for full-time retail employees -
http://www.slideshare.net/paulyoungcga/retail-sector-for-canada
• Drones are being used to help reduced costs in warehousing - http://www.voanews.com/content/drones-already-work-in-
amazons-warehouses/1807332.html
• Reduction in mail due to ePost or email alerts.
https://www.canadapost.ca/assets/pdf/aboutus/financialreports/2014_ar_complete_en.pdf
• Construction Industry – prefabricated houses/frames -
http://www.thestar.com/news/2008/02/02/rolling_off_the_line_your_house.html
• Service sector - http://styledemocracy.com/mcdonalds-is-testing-self-order-stations-in-canada/
• Media has gone digital – downloads or streaming of tv shows
• Remote education via web connections - http://www.wsj.com/articles/b-schools-get-a-feel-for-virtual-reality-1435776045
Issues facing unemployment
• Low commodity Prices – (Natural Resources)
• Fiscal restraint by government (Program spending)
• Slow Global Growth

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Government Policies - Unemployment Insurance - Canada

  • 1. Government Policies – Unemployment Insurance (EI) – Canada By: Paul Young, CPA, CGA
  • 2. Disclaimer • This presentation is one opinion on Unemployment Insurance
  • 3. Paul Young - Presenter Bio • CPA/CGA • 25 years of experience in Academia, Industry and Financial solutions • Youtube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
  • 4. Agenda • What is Unemployment Insurance • Qualification • Job creation/Feb 2016 • Federal Budget • Youth Employment • Job Quality • Job Creation
  • 8. Job losses by Sector
  • 12. • Youth Unemployment – Canada • http://www.thestar.com/opinion/commentary/2016/02/08/youth- unemployment-finally-on-the-radar-screen-goar.html Issues: • It seems to me that provinces control post-secondary education and skills training as such how are they adapting their policies to support areas that have more upside when it comes to careers? • Careers http://careers.workopolis.com/advice/ten-jobs-with-plenty-of- openings-on-workopolis-that-pay-double-the-canadian-average-wage/ • Job Market 2016 - https://www.youtube.com/watch?v=HGLXBxmE2d4 • How to managed your career - https://www.youtube.com/watch?v=EoRxR7OpEK0 • Unemployment - http://www.statcan.gc.ca/daily- quotidien/160205/dq160205a-eng.htm
  • 13. Job Quality • Here are issues facing the labor market which drives job quality: • Closing the private/public sector payroll gap - http://www.cfib-fcei.ca/english/article/7114-public-sector- workers-earn-more-work-less.html • Integrated economic strategy between provinces including trade barriers, maximizing or expanding existing programs, capping hydro rates, reduction in red tape, moving projects quicker through environmental process. Mulcair never talks about these areas, why? http://www.slideshare.net/paulyoungcga/internal-trade-canada or http://www.cfib-fcei.ca/english/article/6893-red-tape-accountability-report-card-2015.html. How many provinces in this list are NDP or Liberal-led (Manitoba and Ontario). • Re-aligning skills trade with jobs opening and for the future http://static1.1.sqspcdn.com/static/f/1493895/25691274/1416506638937/Final+Skills+Shortage+CFCM+Octob er+2014+1.pdf?token=Cqr6RoDF%2F9ZqL3kCPF8eBgmF7rg%3D • Stopped introducing bad taxation policies masked at helping the environment (http://www.slideshare.net/paulyoungcga/carbon-tax-canada-and-its-provinces) and/or provincial pension plans (http://www.cbc.ca/news/business/canadians-are-saving-enough-for-retirement-says-c-d-howe-study- 1.3100653) • Provinces looking at innovation ways to deliver program spending in areas like healthcare and education - http://www.slideshare.net/paulyoungcga/provincial-transfers-and-program-spending or http://www.therebel.media/canadian_doctor_the_harper_government_is_actually_making_the_right_choice _regarding_healthcare_funding
  • 14. Job Quality /technology issues • Accounts Payable and Accounts Receivable Clerks have been replaced via digitalization and automatic payments - http://www.bankofcanada.ca/core-functions/financial-system/canadas-major-payments-systems/ • Robotic and Laser Welding have led to automation in manufacturing - http://www.canadianmetalworking.com/features/welding-automation-for-the-people/ • Business Analytics are being used to advance the scientific research - http://www.theglobeandmail.com/news/politics/ottawa-reveals-details-of-15-billion-fund-for-science- strategy/article21957502/ • Retailers are going more to eCommerce hence the reduction in the need for full-time retail employees - http://www.slideshare.net/paulyoungcga/retail-sector-for-canada • Drones are being used to help reduced costs in warehousing - http://www.voanews.com/content/drones-already-work-in- amazons-warehouses/1807332.html • Reduction in mail due to ePost or email alerts. https://www.canadapost.ca/assets/pdf/aboutus/financialreports/2014_ar_complete_en.pdf • Construction Industry – prefabricated houses/frames - http://www.thestar.com/news/2008/02/02/rolling_off_the_line_your_house.html • Service sector - http://styledemocracy.com/mcdonalds-is-testing-self-order-stations-in-canada/ • Media has gone digital – downloads or streaming of tv shows • Remote education via web connections - http://www.wsj.com/articles/b-schools-get-a-feel-for-virtual-reality-1435776045
  • 15. Issues facing unemployment • Low commodity Prices – (Natural Resources) • Fiscal restraint by government (Program spending) • Slow Global Growth

Editor's Notes

  1. http://www.osfi-bsif.gc.ca/Eng/Docs/EI2015.pdf or http://www.esdc.gc.ca/en/reports/ei/premium/rates2016.page http://www.esdc.gc.ca/en/ei/regular_benefit/index.page
  2. http://www.cfib-fcei.ca/english/article/8226-2016-budget-breaks-election-promise-to-small-business.html
  3. http://srv129.services.gc.ca/eiregions/eng/rates_cur.aspx
  4. http://www.metronews.ca/news/canada/2016/03/29/five-changes-on-employment-insurance-contained-in-the-2016-federal-budget.html
  5. http://www.metronews.ca/news/canada/2016/03/29/five-changes-on-employment-insurance-contained-in-the-2016-federal-budget.html
  6. http://www.gbm.scotiabank.com/English/bns_econ/scotiaflash20160108A.pdf