RVDA of Canada Lauds ‘Insurance Rate Freeze’

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September 10, 2013 by   Comments Off on RVDA of Canada Lauds ‘Insurance Rate Freeze’

Canadian Finance Minister Jim Flaherty

The Recreational Vehicle Dealers Association (RVDA) of Canada expressed approval over the government’s recent announcement that it will be freezing employment insurance (EI) rates for the next three years.

“This is precisely the kind of policies we need to provide certainty to business and to help secure the economic recovery,” said Eleonore Hamm, RVDA president, in a press release. “That Finance Minister Jim Flaherty chose to make such an important announcement at an RVDA member’s store illustrates the impact it will have on our own sector and the important role it plays in the overall economic recovery.”

EI premiums for employees and employers will be frozen at current levels until 2017. This will save firms and workers hundreds of millions of dollars annually that can be reinvested back into businesses and spent by consumers.

“RVDA applauds Minister Flaherty on two fronts: the money this announcement will save our members and their employees, and the certainty it provides on one of the largest costs businesses face in Canada,” concluded Hamm.

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