Canadian paychecks shrinking:CTF
Posted Dec 30, 2013 3:49 pm.
This article is more than 5 years old.
Once 2014 hits, the average Canadian paycheck is going to be smaller, according to the Canadian Taxpayers Federation.
Gregory Thomas, federal director at the CTF, said rise in EI and CPP taxes are to blame.
“At least when you spend money at a casino you have a slight chance of winning but with the EI fund its just lose, lose, lose for hard working Canadians,” said Thomas.
He said the average Canadian will see about $101 come out of their pay next year to go the federal EI fund. That works out to about $4 off the average two week salary.
He calls it an unnecessary hike when the federal government already projects a profit of about 4.2 billion dollars in 2014 taxes.
“The government should keep its promise to Canadians and leave that money in Canadian’s paychecks and in Canadian’s wallets,” he said.
He adds Albertans claims far lower EI benefits than their counterparts in some other provinces with most payouts going to maternity and parental claims.
