All items tagged with: employment insurance

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...

Tax Court: Graduate Student Can be an Employee Under the EI Act

Posted: September 17, 2013
Posted in: Strategic Thinking, Distinguished Practices, Tax Planning , tax court, employment insurance act

The Tax Court of Canada (TCC) recently considered whether a graduate student performing research at the University of British Columbia was an employee for the purposes of subsection 5(1) of the Employment Insurance Act.

EI Rate Freeze Not a Premium Freeze

Posted: September 10, 2013
Posted in: Breaking News, Investment & Retirement, Tax Planning , EI rates, employment insurance

On September 9, the Honourable Jim Flaherty, Minister of Finance, announced that the Employment Insurance (EI) premium rate for employees will be frozen at the 2013 level of $1.88 per $100 of insurable earnings for the years 2014-2016.