Employment Insurance (EI)
Economic region code 22
Unemployment rate 5
Insured hours for regular benefits 700 (~19 weeks @ 37.5hr/w)
Minimum weeks payable for regular benefits 14
Maximum weeks payable for regular benefits 36
Need your Record of Employment (ROE) from your last employer
Delaying in filing your claim for benefits beyond 4 weeks after your last day of work may cause loss of benefits.
your payment will be issued usually within 28 days from the date of filing your claim
Earnings made, for example, vacation pay, severance pay or allocated during the 2-week waiting period will be deducted in the first 3 weeks for which benefit is otherwise payable following the waiting period
The basic benefit rate is 55% of your average insured earnings up to a maximum amount of $413 per week.
Formula for calculating weekly payout:
min(55% * Income for last 26 weeks / unemployment rate (5), $413).
I should max out at $413 a week.
While claiming regular benefits you must be actively looking for work…
EI payments are taxable income, meaning federal and provincial or territorial, where applicable, taxes are deducted when you receive them.
When you file your tax return, if your net income exceeds $48,750 you will be required to repay 30% of the lesser of:
* your net income in excess of $48,750; or
* the total regular benefits, including regular fishing benefits, paid in the taxation year.
You received EI regular benefits in tax year 2005. No EI regular benefits were paid in the 10 years prior to the tax year 2005. Therefore you are exempt from the benefit repayment.