I think you need to call touchstone.Originally posted by Xtrema
I don't know why everyone is bitching about $1000/year when $3000/year and I still won't get the full value of basement rebuild covered by any insurance policy in town.
I think you need to call touchstone.Originally posted by Xtrema
I don't know why everyone is bitching about $1000/year when $3000/year and I still won't get the full value of basement rebuild covered by any insurance policy in town.
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I am no IE expert but I went to see my book keeper a few weeks ago and she told me first that if your on EI you will owe tax at the end of the year.
Second, if you earn more than 60k (can't remember the exact value) that the government will make you pay back your claim???
Machining, Fabricating, Welding etc.
This was certainly true for my 2015 taxes. They withheld a totally inadequate amount, despite the fact that they knew exactly what I had earned up to that point from my ROE paperwork. I don't anticipate this being much of an issue in 2016, as I have no other income, and even at max EI benefit for a full year with zero source deduction, it's not putting anyone into a high tax bracket. And they ARE taking a small source deduction on mine.Originally posted by legendboy
I am no IE expert but I went to see my book keeper a few weeks ago and she told me first that if your on EI you will owe tax at the end of the year.
They can't win with this though, if they withhold too much, folks will scream bloody murder about the government getting an interest free loan from the unemployed. Taxes are complex, so there's no easy way for them to estimate the correct withholding rate since they don't want to make assumptions about changes in your situation from a previous year. Hell, one decent RRSP contribution could throw it all out of line, not to mention medical/child care/disability expenses etc.
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I worked a contact for 14 mo got laid off july 8,my book keeper thinks I will be +-1k in tax. She said it will be close.
Just thought I'd throw this out there if it helps anybody
Machining, Fabricating, Welding etc.
For sure man, nobody should assume the government is withholding the correct amount for their situation. Actually, nobody should assume the government is correct about ANYTHING, but that's a different discussion.
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if I call can I get them to increase the deduction? or is that beyond what we can control?
EDIT
Maybe I should be the guy that spends 45mins on hold to ask the question
Machining, Fabricating, Welding etc.
EI payment this week was actually two payments. No idea why that is. Total mount was the same, but it came as two payments on the same day.
Anyone else see this?
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Question;
So I just got EI for the first time ever, eligibility is 41 weeks (already paid for 3 weeks, 38 remaining) and I just got a 3 month contract offer. If I accept the contract and work the 3 months can I hop back onto EI after or am I screwed out of EI after? Do I just stop reporting all together now if I accept the contract and re-apply after or just start reporting again after i'm finished? Not a clue how this EI stuff works...
dont take the 3 month contract dude.. Not worth reapplying afterwards. Might as well wait out for a real job during the 41 weeks of EI.Originally posted by KO22
Question;
So I just got EI for the first time ever, eligibility is 41 weeks (already paid for 3 weeks, 38 remaining) and I just got a 3 month contract offer. If I accept the contract and work the 3 months can I hop back onto EI after or am I screwed out of EI after? Do I just stop reporting all together now if I accept the contract and re-apply after or just start reporting again after i'm finished? Not a clue how this EI stuff works...
Originally posted by beyond_ban
Yo Kanye, ima let you finish, but 50 Cent had the best concert cancellation of all time.
That three month contract give you good contacts or gain you skills that will increase you employability?
Financially, you may not come out ahead, but there are other factors. Some folks don't want to sit home.
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You can re-activate your EI after your 3 month contract, though that 12 weeks will eat away at your 41 weeks of total eligibility.
Normally, 3 or 6 month contracts get extended anyways. It is worth taking the 3 month contract.
Power of Rotary's advice is as reliable as....a rotary. Take the work, impress the employer and try and get hired on. You're also in a much stronger position job hunting while employed versus on EI.
are you sure about that? I always thought it would just "pause" the eligibility, i.e. he would have 38 weeks left after the 3 month contract, not 26Originally posted by jaylo
You can re-activate your EI after your 3 month contract, though that 12 weeks will eat away at your 41 weeks of total eligibility.
Anyone else having trouble logging into the "my service canada" website? is it down or something? I've been locked out with an error since Friday.
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had an audit for my EI today, it was pretty casual and the guy was really relaxed.
The fill out sheet of proving you're looking for work provided is so silly, I wish they structured the requirements better.
hope i get to keep my EI doe!
Out of curiosity - Has anyone been offered retraining? I asked the question last week. And you could hear crickets.... In California...
Seriously, people like my ex, rode the EI/Welfare systems for decades, getting retrained repeatedly (last one was nursing, now some kind of book keeping). I ask about a 1 week course - and get told apply for student loans.
So now I'm curious - what industries / careers are they training people for?
Never got offered retraining. I have completed my full 63 weeks of eligibility.
My Service Canada site seems to be still down. That's shitty.
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Hey guys,
Has anyone looked at their EI t4 slip, for 2016 ??
I have a box on it that says "30% repayment".....
Not sure how this works. The slip also writes:
"Fill in this chart if the rate in box 7 is 30% and, on your return, the total of
lines 213 and 234 plus the amount of registered disability savings plan
(RDSP) income repayment included on line 232, minus the total of lines 117
and 125 is more than $63,500."
I don't understand what this means.. Can anyone explain?
Are you a white, middle aged male? Good luck with that.Originally posted by AndyL
So now I'm curious - what industries / careers are they training people for?