EI or employment insurance is a federal initiative meant for people who are out of work and currently looking for work but need temporary financial assistance. EI benefits are committed to providing people with 55% of their average income for a period of 14-45 weeks up to a maximum of $47,700; an updated  as of January 1, 2013. However, if you’re a low income family your benefit rate might be higher. There are a few different circumstances that people can have which qualify them for EI. It typically takes an hour to complete an EI application online and you will need your standard personal information, your work history, and your banking information which is needed for direct deposit purposes.

Here are the 5 types of employment insurance benefits: Continue reading »