Employment Insurance (EI)

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Definition of 'Employment Insurance (EI)'

Employment Insurance (EI) is a social insurance program in Canada that provides temporary financial assistance to people who lose their jobs through no fault of their own. EI is funded by contributions from employees and employers.

EI is available to people who have worked for at least 600 hours in the past year. The amount of EI you receive depends on your average weekly earnings and the number of weeks you have been unemployed.

EI benefits can be used to cover expenses such as rent, food, and transportation. You can receive EI benefits for up to 52 weeks.

To apply for EI, you must file a claim with Service Canada. You can file a claim online, by phone, or in person at a Service Canada office.

If you are approved for EI, you will receive a payment every two weeks. You will continue to receive payments until you find a new job or until your benefits run out.

EI is an important program that helps people who lose their jobs through no fault of their own. EI can help people to cover their expenses while they are looking for a new job.

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