What are the changes in EI?

What are the changes in EI?

Access to EI

The higher the regional unemployment rate, the fewer insurable hours required to qualify. Budget 2021 introduced a temporary measure of 420 hours as a common national entrance requirement for workers to qualify for both regular and special benefits for a period of one year.

Is EI going to be extended 2022?

Seasonal claimants
Budget 2022 announced an extension to the period of eligibility under the seasonal worker pilot project. This measure provides up to 5 additional weeks (to a maximum of 45 weeks) of EI regular benefits to eligible seasonal claimants in 13 targeted EI economic regions.

What happens when my EI runs out 2022?

If you have exhausted your EI benefits and are no longer eligible for EI, you may be eligible for the CRB if you meet the eligibility criteria. (See Who can apply: Canada Recovery Benefit (CRB)). However, if you have worked while on your EI claim, you may be able to establish a new EI claim.

How much money does Canada spend on EI?

Employment Insurance benefits are expected to reach $23.0 billion in fiscal year 2021-22, representing an increase of $2.2 billion from the 2019-20 planned expenditures of $20.8 billion.

How many hours do you need for EI in 2023?

You need at least 420 hours of insurable employment to qualify for EI.

How long can you be on EI?

You can get benefits for up to a maximum of 45 weeks
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.

How many hours do you need for EI after September 2022?

After September 24, 2022
Based on the unemployment rate in your area, you’ll need between 420 and 700 hours of insurable employment during the qualifying period to qualify for regular benefits.

What is the EI rate for 2022?

$1.58* per
This means that an insured worker will pay EI premiums in 2022 on insured earnings up to $60,300. Employee EI Premium Rate – will be $1.58* per $100. This premium rate and the MIE increase means that insured workers will pay a maximum annual EI premium in 2022 of $952.74 compared with $889.54 in 2021.

How long can you be on EI for?

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.

How long is EI paid for?

You can normally receive up to 50 weeks of benefits when regular benefits are combined with maternity, parental, sickness or caregiving benefits in the same benefit period (of 52 weeks). The only exception is when EI regular benefits and extended parental benefits are paid during the 52-week period.

How many hours can you work on EI?

How working affects your claim. If you earn money while receiving EI benefits, you can keep 50 cents of your benefits for every dollar you earn, up to 90% of your previous weekly earnings (roughly 4 and a half days of work). Above this cap, your EI benefits are deducted dollar-for-dollar.

What is the minimum EI payment 2022?

This means that an insured worker will pay EI premiums in 2022 on insured earnings up to $60,300. In 2022, the employee EI premium rate will be $1.58 per $100. This premium rate and the MIE increase means that insured workers will pay a maximum annual EI premium in 2022 of $952.74 compared with $889.54 in 2021.

How many hours do you need for EI in 2022?

You now only need to accumulate a minimum of 420 cumulative insurable hours to receive a minimum of 14 weeks of EI benefits. Until September 24, 2022, you only need to have accumulated 420 hours of insurable employment during your qualifying period to qualify for EI benefits.

Will EI know if I leave the country?

If we find you’ve been out of the country while collecting benefits, we’ll determine whether you were entitled to receive those benefits.

Can I collect EI if I retire?

Regular EI benefits are paid to eligible employees who lose their job through no fault of their own. Typically, it can include workers terminated because of restructuring and workers who work in seasonal industries. However, if you choose to retire at your own discretion, you can’t qualify for EI benefits.

How long can you collect EI?

What is CPP and EI max for 2022?

Since 2019 the CPP rate has been gradually increasing, with the plan of having a rate of 5.95% in 2023. In 2022 rates have increased from 5.45% to 5.7% for both the employee and employer. The 2022 maximum pensionable earnings are $64,900, with a basic exemption of $3,500.

What are the employer CPP and EI rates for 2022?

5.70
Important notice

Can you collect EI and pension at the same time?

Pension income is not considered to be earnings for EI benefit purposes when an individual requalifies for EI benefits after the date on which payment of the pension begins.

Can I go on vacation while on EI?

Can I travel within or outside Canada while on EI? Yes you can! Unlike many rumors out there that says you are not allowed to go on vacation, you are permitted to do so as long as you declare in your EI report that you are “away” or “not available to look for work”.

How many hours do you need for EI 2023?

How many hours do you need for EI after Sept 24 2022?

420 and 700 hours
After September 24, 2022

What happens if I travel outside Canada while on EI?

If you travel outside of Canada
You’re not usually eligible to receive regular benefits while you’re away from Canada. However, you may receive regular benefits if you show that you’re available for work in Canada while abroad.

Does EI check your bank?

EI reform uproar
The document suggests investigators check addresses, bank accounts, medical documents and even the physical appearance of claimants.

Can I stop paying EI after 65?

If you are employed in insurable employment your employer will deduct EI premiums from your pay. There is no age limit for deducting EI premiums.