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In Canada...If I am applying for Employment Insurance what type of income is considered?

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  • In Canada...If I am applying for Employment Insurance what type of income is considered?


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Answer #1 | 04/12 2013 12:47
YES
Answer #2 | 04/12 2013 12:48
the income that was covered by unemployement investment is NOT, nor is your old age security
Answer #3 | 06/12 2013 16:52
When you complete the EI reports every two weeks, you would report any employment or self-employment income earned. Pensions, investments, and government benefits don't come into play. However, if the combined amounts for your income exceed a certain threshold, you may be subject to social benefits repayment. This is something that would be calculated when you file your income tax return. The details are here: http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/235/ei-eng.html Essentially, if your income is over the threshold, you could end up paying back up to 30% of the EI benefits. And you would pay income tax on the rest. This applies only to regular EI benefits. It does not apply to parental, sickness, or special family benefits.

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