As a parent Crown corporation, under Part X of the Financial Administration Act, CEIFB reported to Parliament through the Minister of Human Resources and Skills Development.
[2] In practice, the CEIFB's mandate never allowed it to exercise any authority, and it became a rubber stamp for the government in the setting of EI premium rates.
Establish the necessary human resources: The CEIFB will appoint a Chief Actuary, recruit additional staff and develop an HR management framework.
The Mowat Centre noted that: "In 2008, the federal government created the CEIFB, an ostensibly autonomous, independent board mandated to set premiums.
"[6] On January 18, 2012, the CBC aired the following story during its flagship news broadcast The National: "EI financing agency spends millions doing nothing".