Government Policies – Unemployment Insurance (EI) – Canada By: Paul Young, CPA, CGA
Risk Management Canada Threats and Risk
Government Policies Unemployment Insurance (EI) Canada By: Paul Young, CPA, CGA
DisclaimerThis presentation is one opinion on Unemployment Insurance
Paul Young - Presenter
BioCPA/CGA25 years of experience in Academia, Industry and Financial solutionsYoutube Channel - https://www.youtube.com/channel/UCAArky1bAXPSuV2NLtUnyLg
AgendaWhat is Unemployment InsuranceQualification Job creation/Feb 2016Federal BudgetYouth Employment Job QualityJob Creation
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Canada Unemployment Insurance
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
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Payroll tax rates
http://www.cfib-fcei.ca/english/article/8226-2016-budget-breaks-election-promise-to-small-business.html6
Maximum coverage
http://srv129.services.gc.ca/eiregions/eng/rates_cur.aspx7
Job losses by Sector
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2016-2017 Federal Budget
http://www.metronews.ca/news/canada/2016/03/29/five-changes-on-employment-insurance-contained-in-the-2016-federal-budget.html9
2016-2017 Federal Budget
http://www.metronews.ca/news/canada/2016/03/29/five-changes-on-employment-insurance-contained-in-the-2016-federal-budget.html10
Job Creation
http://www.gbm.scotiabank.com/English/bns_econ/scotiaflash20160108A.pdf11
Youth Unemployment Canadahttp://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=HGLXBxmE2d4How to managed your career - https://www.youtube.com/watch?v=EoRxR7OpEK0Unemployment - http://www.statcan.gc.ca/daily-quotidien/160205/dq160205a-eng.htm
Job QualityHere 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+October+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 showsRemote education via web connections - http://www.wsj.com/articles/b-schools-get-a-feel-for-virtual-reality-1435776045
Issues facing unemploymentLow commodity Prices (Natural Resources)Fiscal restraint by government (Program spending)Slow Global Growth