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- Dictionaryemployment insurance
noun
- 1. (in Canada) a federal insurance programme that provides benefits to eligible unemployed people: "like many dismissed workers, she went on employment insurance before finding a new job"
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The Employment Insurance (EI) program provides temporary income support to unemployed workers while they look for employment or to upgrade their skills. The EI program also provides special benefits to workers who take time off work due to specific life events: illness. pregnancy.
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- You could get up to 55% of your earnings
- You can get benefits for up to a maximum of 45 weeks
- How we calculate your weekly benefit amount
- If your net family income is $25,921 or less
- Taxes are deducted from EI payments
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•You could get up to 55% of your earnings
•You can get benefits for up to a maximum of 45 weeks
•How we calculate your weekly benefit amount
•If your net family income is $25,921 or less
We can't tell you exactly how much you'll receive before we process your application. 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 different types of compensation from employment, such as wages, tips, bonuses and commissions. The Canada Revenue Agency determines what types of earnings are insurable.
You can receive EI from 14 weeks up to a maximum of 45 weeks, depending on the unemployment rate in your region at the time of filing your claim and the amount of insurable hours you've accumulated in the last 52 weeks or since your last claim, whichever is shorter.
Seasonal workers
If you’re a seasonal worker, you may be eligible for additional weeks of regular benefits, up to a maximum of 45 weeks.
Number of weeks of EI regular benefits payable by regional rate of unemployment
The amount of weekly benefits is calculated as follows:
•we calculate your total insurable earnings for the required number of best weeks (the weeks that you earned the most money, including insurable tips and commissions) based on the information you provide and/or your record(s) of employment
•we determine the divisor (number of best weeks) that corresponds to your regional rate of unemployment
•we divide your total insurable earnings for your best weeks by your required number of best weeks
•we then multiply the result by 55% to obtain the amount of your weekly benefits
In regions of Canada with the highest rates of unemployment, we’ll calculate using the best 14 weeks. In regions of Canada with the lowest rates of unemployment, we’ll use the best 22 weeks. In other regions, the number of weeks used to calculate benefits will be somewhere between 14 and 22, depending on the unemployment rate in those regions.
If your net family income doesn’t exceed $25,921 per year, you have children and you or your spouse receives the Canada Child Benefit, you’re considered a member of a low-income family. Therefore, you may be eligible to receive the EI family supplement.
The family supplement rate is based on:
•your net family income up to a maximum of $25,921 per year
•the number of children in the family and their ages
The family supplement may increase your benefit rate up to 80% of your average insurable earnings. If you and your spouse claim EI benefits at the same time, only 1 of you can receive the family supplement. It is generally better for the spouse with the lower benefit rate to receive the supplement.
As your income level rises, the Family Supplement gradually decreases, so that when the maximum income of $25,921 is reached no supplement is payable.
EI benefits are taxable, no matter what type of benefits you receive. Federal and provincial or territorial taxes, where applicable, will be deducted from your payment.
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Jan 4, 2023 · Employment Insurance (EI) is an unemployment insurance program in Canada that allows individuals who have recently lost a job to receive temporary financial assistance. Employment insurance can ...
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EI regular benefits. Employment Insurance (EI) provides regular benefits to individuals who lose their jobs through no fault of their own (for example, due to shortage of work, or seasonal or mass lay-offs) and are available for and able to work, but can't find a job.
Feb 7, 2006 · Employment Insurance. Employment Insurance (formerly Unemployment Insurance) is a government program that provides temporary benefit payments during a period of unemployment. The Employment Insurance (EI) program also provides illness, parental and caregiving benefits for persons who are away from work due to health and family-related reasons.
Feb 9, 2023 · Employment Insurance provides temporary income support while you look for work, or while you cannot work. There are different types of benefits, for example: Regular benefits - If you lose your job through no fault of your own. Special benefits - These include: Maternity and parental benefits - If you are pregnant, or if you are a mother or ...
Types of EI benefits. Region: Ontario Answer # 608. Employment Insurance (EI) is a program run by the Government of Canada to reduce the financial hardship many employees experience when they lose their job or are unable to work. Most employees in Ontario pay Employment Insurance premiums as a deduction from their pay.
