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Employment Insurance Act

Version of section 66 from 2003-01-01 to 2005-06-28:


Marginal note:Annual premium rate setting

 The Commission shall, with the approval of the Governor in Council on the recommendation of the Minister and the Minister of Finance, set the premium rate for each year at a rate that the Commission considers will, to the extent possible,

  • (a) ensure that there will be enough revenue over a business cycle to pay the amounts authorized to be charged to the Employment Insurance Account; and

  • (b) maintain relatively stable rate levels throughout the business cycle.


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