Ei Mat Leave Calculator

Some employers provide additional money to employees on maternity or parental leave.

Ei mat leave calculator.

Tools like the td retirement calculator can help you figure out how much you ll need to save while other tools like the td compound interest calculator can show you how your long term investments can grow in the future. We call these your. Technically it s 15 weeks of maternity leave followed by 35 weeks of parental leave. This works out to be around 337 each week.

Having a savings plan can help you to save money whether your financial goal involves saving for a vacation a down payment on a home or your retirement. If you work while receiving maternity or parental benefits and have served your waiting period you will be able to keep 50 cents of your ei benefits for every dollar you earn up to 90 of the weekly insurable earnings used to calculate your ei benefit amount. If you have insurable employment meaning your employer deducts ei premiums from your wages or salary or you re self employed and are registered for the ei program and have worked enough hours to qualify you can apply for benefits as long as the industry you re in qualifies. This is called a top up.

If your weekly earnings vary or your income changes. The extended parental benefits pay out 33 of your average weekly insurable earnings up to the same maximum amount for a maximum duration of 61 weeks. To calculate your benefit amount we use a specific number of your highest paid weeks of employment. Check with your employer to find out if they offer a top up.

For 2019 this maximum amount is 53 100 as well.