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Ei reporting
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EI and Severance Pay in Ontario
What is Employment Insurance (EI) in Ontario?
Employment Insurance (EI) is a government program in Ontario that provides temporary financial assistance to individuals who have lost their jobs through no fault of their own.
Provided by Canada’s federal government, It is designed to help unemployed workers while they look for new employment or upgrade their skills.
Eligibility
To be eligible for EI in Ontario, individuals must satisfy all of the following points:
- You have paid EI premiums through your employment
- You have lost your job through no fault of your own (such as layoffs or termination without cause)
- You are actively seeking and available for work.
Additionally, they must have worked a minimum number of insurable hours in the last 52 weeks or since their last claim, which varies depending on the region’s unemployment rate.
How It Works
In Ontario, EI benefits are calculated based on a percentage of the claimant’s average insurable earnings, up to a maximum amount.
The duration of EI benefits can vary,
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