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| *The Commerce Journal>>>Canada Taxes |
Questions for Mothers living in Canada. Please help.? |
So I would like to plan a budget for after I have my child. What kind of compensation does the government pay for EI? I heard it is 60% is this before or after taxes? Was this accurate for you? How do they pay you? Weekly? Monthly? I would like to know so I can start planning! Thank you for your answers! I would recommend going to the Service Canada website. http://www1.servicecanada.gc.ca/en/ei/ty... How much will you receive? The basic benefit rate is 55% of your average insured earnings up to a yearly maximum insurable amount of $40,000. This means you can receive a maximum payment of $423 per week. Your EI payment is a taxable income, meaning federal and provincial or territorial, if it applies, taxes will be deducted. To find out how we calculate the amount you will receive... You could receive a higher benefit rate if you are in a low-income family 鈥?an income of less than $25,921鈥?with children and you or your spouse receive the Canada Child Tax Benefit (CCTB) , you are entitled to the Family Supplement. I am not a mother, however It would help to know what province your in because Im pretty sure it varies in province like here in Alberta it's paid monthly, im not sure what the compensation is but there are websites that can help you out! If you are married then your husband files your child through his employment if he is the hirer earner and you file as a single person...If you are single mom you file your child through your employment...as for the percentage it varies depending on the amount of salary...so to say 60% I think may be to high... You also need to remember that we have a two tax system the federal and provincial...the rules are the same the deduction amount is different not matter what province you live in....if you move provinces during the year you will have to be rated by two provinces... |
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