How to go about securing the best policy for your insurance in Canada.
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How to qualify for EI benefits in retirement
– moneysense.ca
Q: I’m a 75-year old male, working part-time and contributing to EI every 2 weeks; and have been for 10 years.
I do have CPP and OAS income.
Do I qualify to collect EI benefits for a period of time if I retire this year? I’ve paid contributions for 10 years and now plan to retire so I should qualify for some remuneration (benefits).
—JM
A: Employment insurance (EI) is a program administered by Service Canada that provides both regular and special benefit payments. Workers contribute to the program through payroll deductions withheld from their salaries. Since 2010, people who are self-employed can make optional contributions and may qualify for special benefits.
Keep more benefits with pension income splitting »
Regular benefits are paid to eligible employees who lose their job through no fault of their own, JM. Typically, this would include those who are terminated because of a restructuring or those who work in seasonal industries.
Ask a Planner: Leave your question for Jason Heath »
Special benefits include parental benefits (maternity and paternity leave), sickness benefits (for those who cannot work due to injury or illness), compassionate care benefits (for those caring for a seriously ill family member) or parents of critically ill children benefits…
