On September 11, 2014, the Minister of Finance announced the introduction of the Small Business Job Credit. The credit, worth $0.39 per $100 of insurable earnings paid, will be available to employers that pay $15,000 or less in Employment Insurance premiums over the course of the year. It is currently planned to apply in 2015 and 2016. The Department of Finance backgrounder suggests that the measure is expected to save small employers more than $550 million in those years.

The backgrounder can be viewed at the following link:

http://www.fin.gc.ca/n14/data/14-120_1-eng.asp