Personal Finance Canada

1251 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 2 years ago

MODERATORS

affairesdepiasses

Monday: Silly Questions (self.personalfinancecanada)

submitted 1 year ago by affairesdepiasses to c/personalfinancecanada

5 comments fedilink hide all child comments

It’s Monday, the start of a new week.

Ask your embarrassing, silly, or worrisome questions. Come learn and discover without judgment.

you are viewing a single comment's thread
view the rest of the comments

[–] skankhunt42 4 points 1 year ago* (last edited 1 year ago) (1 children)

I have two jobs. A full time tech job where I've already hit my EI and CPP max and a part time minimum wage job with 5-15 hours a week.

If I get laid off from the tech job, will I get EI? I suspect the answer is no, even if I quit my 2nd job at the same time I'm laid off.

The problem is, my 2nd job cheque is less then I'd get from EI and I doubt I'd get more hours if I asked... The only reason I have the 2nd job is to put 100% of that pay (less a bit for tax time) on the principal of my mortgage. I don't "need" this money at all and I'm locked in for another 3 years. Just wanted to pay off the house a bit faster.

[–] karlhungus 4 points 1 year ago (1 children)

The answer to this should be on govt websites, iirc the amount is less any other sources of income. So severance payouts take a big chunk out of ei, I expect same for any side income you get. But check govt websites

[–] skankhunt42 2 points 1 year ago

My understanding when I read it the first time was that any job would negate EI all together. I'll have to have a second look. Thanks!