Realtors who opt in to the program will pay the same EI premium rate as salaried employees in their province

Rob Moore, Minister of State for Small Business and Tourism, and CREA CEO Pierre Beauchamp announced at a news conference recently that self-employed Realtors can now participate in the Employment Insurance (EI) program.

“A large majority of Realtors are self-employed,” says Beauchamp. “By creating a level playing field within the EI program, many of our members will no longer have to worry about taking time away from their careers to have a baby or care for a family member who is gravely ill.”

Bill C-56, the Fairness for the Self-Employed Act, extends EI benefits for self-employed Realtors for:

- maternity benefits (15 weeks maximum), which are available to mothers and cover the period surrounding birth (a claim can start up to eight weeks before the expected birth date);

- parental/adoptive benefits (35 weeks maximum), which are available to biological or adoptive parents while they are caring for a newborn or newly adopted child, and may be taken by either parent or shared between them;

- sickness benefits (15 weeks maximum), which may be paid to a person who is unable to work because of sickness, injury or quarantine; and

- compassionate care benefits (six weeks maximum), which may be paid to people who have to be away from work temporarily to provide care or support to a family member who is gravely ill with a significant risk of death.

Self-employed Canadians who voluntarily opt in to the EI program are eligible to collect benefits as early as January 1, 2011.

“It’s nice to know that Realtors now have the choice to balance career and family along with other working Canadians,” says Bruce Mullett, chair of CREA’s Federal Affairs Committee.

Realtors who opt in to the program will pay the same EI premium rate as salaried employees in their province. They will not be required to pay the employer portion of premiums, which takes into account the fact they will not have access to EI regular benefits. Premiums, and resulting benefits, will be based on income.


Posted: 2010-02-23 07:35:27

Ream more...

Want to sell condo Toronto? If yes then you are at the right place. At Canada, especially in Toronto your search for a perfect real estate broker to find out best Toronto Condo for Sale can’t end at a better place. I Marco Momeni, assures you best value for your condo and unmatched customer service at most competitive cost. I can even help you make your condo more attractive so that we can finish the whole transaction and selling procedure in least possible time. Selling a condominium in Toronto is a very herculean task. And if you want to try to sell condo Toronto all by yourself then the whole process will be nightmarish. So let me handle your Toronto condo for sale, I guarantee you best value at most affordable price. I even have the experience to take care of all the legal procedures such as preparation of agreement papers and various other necessary things which are required at the time of condo selling. We are committed to strike the best deal for your Toronto condo for sale by finding out the most suitable person or family who can pay you correct amount. I can achieve this by utilizing mine as well as your network of family, friends, neighbors, office colleague etc. I even strive hard enough to popularize your Toronto condo for sale by using internet, print and visual medium, and various other advanced advertising and marketing techniques. As I have years of experience selling, buying and renting properties in Canada and especially in Toronto, We know in great detail about the important factors that makes difference in sealing a deal. Using all these knowledge, I give my clients many inputs and advices about staging their property which makes them more attractive and gets them better return on that.