Employment Insurance Act - Amendments - Budget Implementation Act, 2004- Bill C-30
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PAST AMENDMENTS TO THE EMPLOYMENT INSURANCE ACT
BILL C- 30
Budget Implementation Act, 2004- Bill C-30
[Assented to May 14, 2002]
Official version published in the Canada Gazette Part III - Vol. 27, No. 2, Chapter 22, on June 25, 2004.
An Act to implement certain provisions of the budget tabled in Parliament on March 23, 2004.
PART 5 SUMMARY
Part 5 amends the Employment Insurance Act to provide the Governor in Council with the authority to set the employment insurance premium rate for 2005. It also amends that Act to effect amendments that are equivalent to those made in Part 4 to the Canada Pension Plan with respect to contributions in the event of business restructuring.
SHORT TITLE
1. Budget Implementation Act, 2004
The sections of Bill C-30 relating to the Employment Insurance Act are as follows:
Employment Insurance Act (1996, c. 23)
25. The Employment Insurance Act is amended by adding the following after section 66.2:
Premium rate for 2005
66.3 Notwithstanding section 66, the premium rate for the year 2005 is the rate set for the year by the Governor in Council on the recommendation of the Minister and the Minister of Finance.
26. Section 67 of the Act is replaced by the following:
Employee’s premium
67. Subject to section 70, a person employed in insurable employment shall pay, by deduction as provided in subsection 82(1), a premium equal to their insurable earnings multiplied by the premium rate set under section 66, 66.1, 66.2 or 66.3, as the case may be.
2003, c. 15, s. 21
27. The Act is amended by adding the following after section 82:
Succession of employers
82.1 If, in a year after 2003, one employer immediately succeeds another as the employer of an employee as a result of the formation or dissolution of a corporation or the acquisition — with the agreement of the former employer or by operation of law — of all or part of an undertaking or business of the former employer, the successor employer may, for the application of section 82, take into account the amounts deducted, remitted or paid under this Act by the former employer in respect of the year in relation to the employment of the employee as if they had been deducted, remitted or paid by the successor employer. If the employer takes those amounts into account with respect to the employer’s premium, the employer shall also take them into account with respect to the employee’s premium.
EXPLANATORY NOTE
(This note is not part of the Bill)
Sections 25, 26 and 27 came into force on May 14, 2004.