At the very least, your premiums would be punitive.
As it should be. The insurers would interpret (correctly) that it was either an abuse of the system or that you were not insurable at all.
At the very least, your premiums would be punitive.
Most resource industry workers collect EI on a semi regular basis. Most often it is clawed back at tax time since when we work we make good money.
Privatize EI.
Why?Privatize EI.
Even private management would fast track the sealing of loopholes, tag a "hands off" ruling for dipping into the fund by govt and offer tiered levels of deductions and benefits. The more stable your employment the less you pay.Why?
Paul Martin left it in excellent sustainable shape, even with the abuses.
The loopholes and abilities to use the system, should be looked at closely and those issues fixed.
All that could be done by the gov't, with oversight from all party's.Even private management would fast track the sealing of loopholes, tag a "hands off" ruling for dipping into the fund by govt and offer tiered levels of deductions and benefits. The more stable your employment the less you pay.
if you make a certain amount of money the next year they take a percentage of it back at income tax time because you were on EIAre you saying that in good times, you pay more than normal EI contributions to make up for collecting EI at other times? Or are you simply pointing out that you pay income tax, and therefore deserve EI, which are different pots of money.
if you make a certain amount of money the next year they take a percentage of it back at income tax time because you were on EI
Except it comes as a surprise at tax time when they tell you they want to claw back a few thousand.That would be a good thing!
Except it comes as a surprise at tax time when they tell you they want to claw back a few thousand.
Nooooo CRA claws back EI payments.Huh? Income being taxed at tax time?
Exactly,but if you were on EI for any length of time with a family and payments then chances are you are in debt so getting a bill at the end of the year for 5 grand on top of your max income tax payments can really hurt.Well, look at that:
At the time you file your income tax return, depending on your net income and if you were paid regular benefits, including regular fishing benefits, you may be required to repay some of the EI benefits you received. If your 2012 net income from all sources exceeds $57,375 you will be required to repay 30% of the lesser of:
So, if you make more than $57,375.00 (net) , essentially you can't get EI. That's what it amounts to.
- your net income in excess of $57,375; or
- the total regular benefits, including regular fishing benefits, paid in the taxation year.
Exactly,but if you were on EI for any length of time with a family and payments then chances are you are in debt so getting a bill at the end of the year for 5 grand on top of your max income tax payments can really hurt.
I'm not saying it's a bad thing.
When you also factor in that the govt. employees have been staging a work to rule/slowdown on processing any claims it can take months to get a cheque.
Well, look at that:
At the time you file your income tax return, depending on your net income and if you were paid regular benefits, including regular fishing benefits, you may be required to repay some of the EI benefits you received. If your 2012 net income from all sources exceeds $57,375 you will be required to repay 30% of the lesser of:
So, if you make more than $57,375.00 (net) , essentially you can't get EI. That's what it amounts to.
- your net income in excess of $57,375; or
- the total regular benefits, including regular fishing benefits, paid in the taxation year.
Nooooo CRA claws back EI payments.
No, you shouldn't. Unless you're living beyond your means and use EI to support that lifestyle.If you earn more than $57,375 would you need E.I.? :lol: