April 15, 2025 | Sherrard Kuzz LLP
In our March 7, 2025 Briefing Note, Trump’s Tariffs Have Landed – How Can Canadian Employers Pivot?, we discussed the impact of the United States launching a trade war with Canada and options for Canadian employers if right- or downsizing becomes necessary.
In our March 13, 2025 Briefing Note we discussed, in detail, special measures the Federal Government introduced under Service Canada’s Work-Sharing Program.
On April 9, 2025, the Federal Government announced a six-month employment insurance (“EI”) pilot project to support Canadian workers. With the significant job losses expected in a tariff-impacted economy, the EI benefits claims are expected to increase substantially, with an anticipated 415,000 additional claims in the first 12 months. It is also expected that a greater percentage of claimants will exhaust their weeks of entitlement, with the potential of return to employment increasingly difficult.
To read the full Sherrard Kuzz LLP Briefing Note please click here.