Description: On September 11, Federal Finance Minister Joe Oliver delivered his first major policy initiative since taking over as Minister earlier this year, with his announcement of a Small Business Jobs Credit. The aim of the credit is to reduce employment insurance premiums which in turn may prompt small business to hire more workers. The question on the minds of various business owners and economists, however, is how major is this ‘major’ announcement?
Date: Thursday, September 11 2014; updated Friday, September 12 2014
Questions for Discussion:
1) To what extent do you think this tax credit will promote job creation by small businesses?
2) Do you think the cost of this program is providing value-for-money for Canadian taxpayers?
3) How will small businesses account for this credit in their financial statements?