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Difference between revisions of "Quantifying Employment Insurance Benefits (8:VI)"
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Quantifying Employment Insurance Benefits (8:VI) (view source)
Revision as of 22:44, 30 May 2016
, 22:44, 30 May 2016no edit summary
Desy Wahyuni (talk | contribs) (Created page with "{{LSLAP Manual TOC|expanded = EI}} == A. Benefit Rate == The benefit rate is set out in s 14 of the ''EI Act''. It is: *55% of the worker’s weekly insurable earnings (see...") |
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The table below compares the previous method (ended on August 4, 2012) of calculating EI payments with the pilot-project method: | The table below compares the previous method (ended on August 4, 2012) of calculating EI payments with the pilot-project method: | ||
'''Comparison table | '''Comparison table of the previous pilot project and the new pilot project''' | ||
{| class="wikitable" | |||
! Previous method | |||
! New method | |||
|- | |||
| Weekly insurable earnings $600 | |||
| Weekly insurable earnings $600 | |||
|- | |||
| EI weekly benefit amount (55% of $600) $330 | |||
| EI weekly benefit amount (55% of $600) $330 | |||
|- | |||
| Gross earnings declared during a week while on EI benefits $450 | |||
| Gross earnings declared during a week while on EI benefits $450 | |||
|- | |||
| Earnings amount (40% of the benefit amount: $330 x .40 = $132) $132 | |||
| Earnings amount (50% of gross earnings: $450 x .50 = $225) $225 | |||
|- | |||
| Net EI benefit payment for that week ($330 + $132 – $450 = $12) $12 | |||
| Net EI benefit payment for that week ($330 + $225 – $450 = $105) $105 | |||
|- | |||
| Combined,earnings,and EI,benefits,($450,+ $12 = $462) $462 | |||
| Combined,earnings,and EI,benefits ($450 + $105 = $555) $555 | |||
|} | |||
'''What if the claimant works or lives outside Canada?''' | |||
If the claimant is living in the United States and works in Canada, or if the claimant crossed the Canada–United States border between the claimant’s residence and workplace and the claimant is receiving EI benefits, this pilot project will apply. Visit the Employment Insurance and Workers and/or Residents outside Canada Web page for more information. | |||