Sep 11, 2014 – On September 11, 2014, the Honourable Joe Oliver, Minister of Finance, announced the introduction of the new Small Business Job Credit. The Canada Revenue Agency (CRA) has some information related to this measure. The CRA is committed to providing taxpayers with up-to-date information.

Mar 11, 2016 – The Small Business Job Credit will effectively lower small businesses' Employment Insurance (EI) premiums from the current legislated rate of $1.88 to $1.60 per $100 of … Almost 90% of all EI premium-paying businesses in Canada will receive the credit, reducing their EI payroll taxes by nearly 15%.

Mar 4, 2016 – Almost 90% of Canadian small businesses that pay Employment Insurance (EI) premiums qualify for a tax credit that will reduce EI payroll taxes. The Small Business Job Credit is forecasted to save small employers more than $550 million in 2015 and 2016 combined.

The Small Business Job Credit lowers a small business's Employment Insurance premium rate for tax years 2015 and 2016. The Canadian Revenue Agency automatically establishes a business's eligibility for this credit for tax years 2015 and 2016 based on the T4 information returns the business filed for those years.

Sep 11, 2014 – Archived – Harper Government Introduces Small Business Job Credit. Archived information. Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please …

Sep 11, 2014 – Archived – Backgrounder: The Small Business Job Credit. Archived information. Archived information is provided for reference, research or recordkeeping purposes. It is not subject to the Government of Canada Web Standards and has not been altered or updated since it was archived. Please contact us to …

A job credit for small business was introduced in September 2014 as a two year measure to lower EI premiums. It will be in effect for 2015 and 2016. The Small Business Job Credit reduces the EI rate from 1.88% to 1.60%. You do not need to apply as CRA will automatically establish eligibility based on your T4 returns filed.

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