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All items tagged with: employment insurance

Gender Equality and Tax Rules Outlined Ahead of Fall Economic Statement

Posted: October 30, 2018 By : Walter Harder & Beth Graddon
Posted in: Strategic Thinking , CRA, Canada Revenue Agency, gender equality, Canadian economy, finance canada, tax news, Morneau, Fall Economic Statement, budget 2018, Canada Workers benefit, Employment Insurance Parental Sharing Benefit, Climate Action Incentive Payment, carbon tax

Finance Canada will release its Fall Economic Statement on November 21, about a month later than it was last year. In the meantime, it released two important documents on October 25 and 29: A Notice of Ways and Means Motion and Bill C-86: the second Budget Implementation Act which together enable remaining initiatives outlined in the February 27, 2018 Federal Budget.

EI Enhances Parental Sharing Benefits

Posted: October 30, 2018 By : Evelyn Jacks & Beth Graddon
Posted in: Strategic Thinking , employment insurance, finance canada, Parental Sharing Benefits, Maternity Leave, Paternity Leave, Parental Benefits, EI

Budget 2018 proposed a new five-week Employment Insurance (EI) Parental Sharing Benefit that will be available as a “use it or lose it” benefit top-up when both parents agree to share parental leave, starting March 17, 2019. Now Finance Canada offers further details with Bill C-86 on how the program will work to benefit Canadians.

Non-Residents in the Family: What’s the CRA’s Take?

Posted: July 17, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , tax preparation, CRA, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax filing, tax courses, master financial advisor, distinguished financial advisor, employment insurance, retirement income, tax education, tax return, personal amounts, double taxation, cross-border tax, Canadians abroad, surtax, non-resident, Canadian emigrant, Canadian expatriates, tax treaaty, Canadian immigrants, non-resident tax, world income

Summertime is family time; but it is also the time of year when people prepare for big life changes taking place in the fall. Young adults make plans to work abroad, travel or go to school and empty-nesters journey to warmer climates. However, non-residency comes with tax consequences, so a visit to a tax advisor should be part of your travel preparation.

Tax Tip: Avoid Clawback of Your EI Benefits

Posted: March 06, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Evelyn Jacks, rrsp, tax courses, employment insurance, financial education, online education, employment benefits, EI Benefits, clawback, EI repayment, layoff, Ontario EI

Are you a high-income earner—perhaps an executive, or seasonal construction or oil rig worker—who may  suffer a loss of employment?  For the 2017 tax year, the base amount for EI repayment is $64,125.  The amount is indexed year over year and if you get caught with income over this, you’ll likely be unpleasantly surprised when you file your 2017 return .  Here’s why:

Employment Insurance Should Not Be Subject to Clawback

Posted: July 10, 2014
Posted in: Breaking News, Tax Planning , employment insurance, EI clawback

Of the 216 votes in our June 2014, 65% of KBR voters strongly voiced their opinion in our against employment insurance being subject to a clawback on the tax return.

Employment Insurance for the Self-Employed

Posted: January 08, 2014
Posted in: Strategic Thinking, Think Tank, Tax Planning , self-employed, employment insurance

Self-employed persons are ineligible for regular EI benefits due to lay-offs or business slow-downs. But they can now elect to receive EI benefits for the following benefits...