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If so, how would they achieve that. In Canada afaik you only pay EI while one’s employed. How would they have saved money with this?
by barbazoo 3y ago
If so, how would they achieve that. In Canada afaik you only pay EI while one’s employed. How would they have saved money with this?
- gruez 3y agorandom from google: https://www.patriotsoftware.com/blog/payroll/handling-unemployment-claims/ https://www.patriotsoftware.com/blog/payroll/handling-unempl... >Again, you are responsible for paying FUTA and SUTA tax for your employees. And when former employees file for unemployment benefits, you are (indirectly) the one footing the bill. >Benefit payments are charged to your employer tax account, which results in increased state tax rates. The more unemployment claims the state approves, the more you contribute for unemployment taxes.
- ryandamm 3y agoAt least in California, businesses pay rates that are partially determined by the number of UI claims the company has paid out. You get a letter-based score that has many different tiers. Startups without a long history end up in the worst category be default, iirc.