Weekly Tax Tips
Employment Insurance Benefits for Self-Employed People
12 Mar 2010
Chances are if you are self-employed, you have given some thought to the fact that you won’t have government assisted income protection for certain times in your life where you can’t work and won’t have a source of income. These times which can leave you financially strapped include welcoming a new addition to the family, being sick or injured, or caring for a gravely ill family member. Late last year the government passed some long awaited legislation that extends EI to cover special benefits, which are maternity, parental, sickness and compassionate care benefits, to you and others like you, on a voluntary basis.
For further information, see our recent Tax Factor 10-01 article titled “Significant Changes to Employment Insurance and the Canada Pension Plan”.
This tax tip is a publication of BDO Canada LLP on developments in the area of taxation. This material is general in nature and should not be relied upon to replace the requirement for specific professional advice. The information in this tax tip is current as of 12 Mar 2010.
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