The Finance Minister of Canada released economic and fiscal projections annual update on that reports that the government is on the right track to balance the budget in 2015 without raising taxes. The government desires to balance the budget without raising taxes or cutting investments in health care and social services transfers.
Recently, the government has implemented way to help economic development, including a three-year freeze of the employment insurance premium rate for employees, which will remain at the 2013 level of Canadian $1.88 (Canadian $1.79) per Canadian $100 (Canadian $95) of insurable earnings until 2016.
