There continues to be an increase in the number of self-employed Canadians.  At the same time, there proves to be that employment insurance coverage is not where it should be.  Why is this?  Self-employed businessmen in Canada used to not be eligible to receive employment insurance coverage.  This really begins to be a problem for women, especially those that need to take maternity leave.  Without income from their business, or employment insurance benefits, finances could begin to be a struggle.

There was a new bill passed in Canada to offer employment insurance for those that are self-employed.  This helps to give insurance for maternity leave, parental leave, sickness leave, and compassionate care leave.

Maternity Benefits: These benefits can be received for up to 15 weeks.  Mothers are qualified at eight weeks before their due date.

Parental Benefits: These benefits can be received for up to 35 weeks.  Both biological and adoptive parents can take leave to care for a newborn child or a child that was just adopted.  This leave can be taken by one parent or the other, or split between the two.

Sickness Benefits: These benefits can be received for up to 15 weeks.  It is meant for people who are not able to work because they are ill, injured, or quarantined.

Compassionate Care Benefits: These benefits can be received for up to 6 weeks.  It is meant for people who need to take time off of work in order to care for a family member who is really sick or has a chance of dying.

The self-employed will need to pay the same premiums that are paid by regular workers.  Self-employed Canadians can either opt in the program or opt-out of it as long as they have not received any employment benefits for the current year.  Paying these premiums can prove to be quite costly, but it does provide a nice safety net for the self-employed.

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