Employment Insurance (EI)
Employment Insurance (EI) is a federal program funded by payroll premiums. While you work, it is a required deduction on your pay stub. If you lose your job, those contributions can qualify you for temporary benefits. Your employer sends a Record of Employment so the government can decide if you qualify. In Quebec, parental benefits run through the Quebec Parental Insurance Plan (QPIP). A Quebec pay stub may list QPIP instead of the usual EI parental-leave labels.
Related Lessons:
- Click Here for our lesson on What’s in Your Compensation Package?
- Click Here for our lesson on The Ultimate Employee Guide
- Click Here for our lesson on Payroll Best Practices
- Click Here for our lesson on Public Financial Assistance Programs
- Click Here for our lesson on What is Entrepreneurship?
- Click Here for our lesson Workplace Rights, Safety, and Equity in Canada
- Click Here for our lesson on How Canadian Taxes Impact Your Personal Finances
