As you may know, a lot of people are loosing their jobs. The reason is this crazy economy and I hope everybody could find a job. In the meantime, while the job is still not available you can apply for Employment Insurance in Canada. Remember when I told you about the Canadian Pension Plan? If you’re an employee in Canada, every time you receive your paycheck, 4.95% of your salary goes to the CPP (read the post about the Canadian Pension Plan for more information).
So, the same applies to Employment Insurance in Canada. However, you need to know if you’re eligible or not to receive Employment Insurance. How do you know?
- you have been without work and without pay for at least 7 consecutive days
- in the last 52 weeks or since your last claim (this period is called the qualifying period), you have worked for the required number of insurable hours. The hours are based on where you live and the unemployment rate in your economic region at the time of filing your claim for benefits.
Keep in mind that Employment Insurance benefits are not paid if:
- You quit without a good reason;
- You are fired for a good reason;
- You have not worked for a certain period of time; or
- You have not paid into the Employment Insurance program.
To apply for Employment Insurance, visit a Service Canada branch near you to submit your application. You should bring with you the following documents:
- Social Insurance Number (SIN) – I’ve written about the Social Insurance Number before;
- A Record of Employment (ROE) – You receive this form once you’re fired/laid off;
- Driver’s license;
- Void check (the payment from the Employment Insurance can be deposited into your bank account);
- Your detailed version of the facts if you have quit or have been dismissed from any job in the last 52 weeks
Usually Employment Insurance benefits are around 55% of previous earnings, up to a maximum of $435 per week. That’s why it is also important that you have an emergency fund to support you and your family during this time ok? It is not difficult. Why don’t you withdraw automatically from your bank account $50 dollars every time your salary is deposited. That’s the best way to do it. Don’t touch the money – think as this is something that you don’t have! $50 dollars is a lot of money? Ok, start with $20 dollars instead. But start as we never know what it is going to happen in the future! Do you need a reason to do this? This has happened to me in the past – it was a terrible experience!
Well, back on the topic. You can also apply for Employment Insurance online. The best website that you must visit is the Service Canada website. Lots of information and useful links as always. I hope you could find this information valuable and I also hope that you can find a job as soon as possible. Good luck and do not give up!