EI for self-employed

[AnnaG]

It's about time. Maybe Harpy isn't all bad. lol

'Special' EI benefits for self-employed to begin in 2011 - thestar.com

This is a little late for me, though. But it'll help lots more people who need to take some compassionate leave or sick leave from their business.

 

[TenPenny]

From what I understand, self-employed people will need to pay in for a year before they collect, and once they've opted in, can't opt out.

Really, what it will do is allow for self-employed people to have parental leave, that's about the only thing that can be planned like that.

But it is a good thing.

 

[AnnaG]

From what I understand, self-employed people will need to pay in for a year before they collect, and once they've opted in, can't opt out.

Really, what it will do is allow for self-employed people to have parental leave, that's about the only thing that can be planned like that.

But it is a good thing.

Can't opt out? That's just stupid.

 

[kryptic]

dunno what its good for, they will make it so there is something stupid like a 60,000 dollar limit, so if you make 65,000 you won't be eligible. kinda like they do now for the company man, lots of people i know in alberta got denied cuz they made to much. even tho they haven't worked in 6+ months...

 

[TenPenny]

dunno what its good for, they will make it so there is something stupid like a 60,000 dollar limit, so if you make 65,000 you won't be eligible. kinda like they do now for the company man, lots of people i know in alberta got denied cuz they made to much. even tho they haven't worked in 6+ months...

From what I understand, the premiums are based on the same limits as salaried people. It's of fairly limited benefit, from what I can see.

 

[AnnaG]

It's still a start and something no-one else has done yet. When your income drops to whatever dividends, interest, and capital gains you may get, EI benefits would come in handy. Especially for small business owners.