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For most people, the basic rate for calculating Employment Insurance (EI) benefits is 55% of their average insurable weekly earnings, up to a maximum amount. As of January 1, 2024, the maximum yearly insurable earnings amount is $63,200. This means that you can receive a maximum amount of $668 per week. Insurable earnings include most of the ...
Apr 11, 2024 · Benefits on the period = Weekly benefits x Number of payable weeks Example of Employment Insurance benefits John, who lives in Toronto (fictive unemployment rate of 5.4%), in the last 52 weeks worked 30 weeks for 40 hours per week, for a total of 1,200 hours, and a total income of $ 30,000.
Next Steps. 1. Figure out if you can get Regular EI Benefits2. Get your record of employment from your employer3. Figure out how much you can get4. Apply for EI benefits5. Find out if you qualify for assistance from Ontario Works. You might be able to get regular EI benefits if you've: lost your job through no fault of your own, and.
If you experience sporadic work patterns, EI benefit rates will better reflect your weeks of higher earnings. The number of weeks used will range from 14 to 22, depending on the unemployment rate in your EI economic region. Number of variable best weeks calculation rates. Regional rate of unemployment. Required weeks. 6% or less. 22. 6.1% to 7%.
The duration and value of benefits will once again be calculated using regional unemployment rates that were temporarily replaced over the last year by a uniform unemployment rate of 13.1 per cent.
Eligibility criteria. To receive EI regular benefits, you need to demonstrate that you: were employed in insurable employment. lost your job through no fault of your own. are affected by flooding or wildfires. have been without work and without pay for at least 7 consecutive days in the last 52 weeks. have worked for the required number of ...
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Next Steps. 1. Figure out if you can get Regular EI Benefits 2. Get your record of employment from your employer 3. Figure out how much you can get 4. Apply for EI benefits 5. Find out if you qualify for assistance from Ontario Works. You can usually get EI regular benefits for between 14 and 45 weeks. This depends on the unemployment rate in ...
