EI Fishing benefits- How much could you receive
3. How much could you receive
We cannot tell you exactly how much you will receive without having processed your application.
Calculation of benefits
To calculate your weekly EI fishing benefit, we consider your total earnings during your qualifying period. The earliest start date of the qualifying period is the week of March 1 for summer fishing or September 1 for winter fishing. This is how we calculate your weekly benefit:
- We calculate your total self-employment earnings from fishing during your qualifying period—the last 31 weeks or from the start date of your last claim for EI benefits (we use the total earnings from the shorter period).
- We determine the unemployment rate in your region and select the divisor that applies at that unemployment rate (see Table 1).
- We divide your total self-employment earnings from fishing during your qualifying period by the applicable divisor. This gives us your weekly insurable earnings from self-employment in fishing.
- If you have earnings from employment other than as a self-employed fisher, we calculate your total earnings from the last 26 weeks of that other employment, using only the weeks contained in the fishing qualifying period. We divide this amount by the applicable divisor or by the number of weeks worked, whichever is greater. This gives us your weekly insurable earnings from regular employment.
- We add the results from Steps 3 and 4 together to find your total weekly insurable earnings.
- We compare your total weekly insurable earnings with the allowed maximum weekly amount, and we select the lower figure. The maximum weekly amount can vary from year to year and is based on the maximum insurable earnings for the calendar year. To find out more about the maximum weekly amount or the maximum insurable earnings for this year, visit our Web site at www.canada.ca or call our EI Telephone Information Service at 1-800-206-7218 (TTY: 1-800-529-3742).
- We multiply that lower figure by 55% to obtain the amount of your weekly benefit.
Table 1 – Divisors used to calculate benefits
|Regional rate of unemployment||Minimum divisor|
|6% or less||22|
|6.1% to 7%||21|
|7.1% to 8%||20|
|8.1% to 9%||19|
|9.1% to 10%||18|
|10.1% to 11%||17|
|11.1% to 12%||16|
|12.1% to 13%||15|
|13.1% or more||14|
In 2020, John earns $9,865 from self-employment in fishing during his qualifying period of 31 weeks. The unemployment rate in his area is 11.5%, which means the divisor is 16. Dividing his fishing earnings of $9,865 by 16 gives him weekly insurable earnings of $616.56. This amount is lower than the maximum weekly amount, which is $1,042 in 2020. His weekly benefit rate is therefore $339 [($9,865 ÷ 16) x 55%].
In 2020, John earns $9,865 from self-employment in fishing during his qualifying period of 31 weeks. The unemployment rate in his area is 11.5%, which means the divisor is 16. Dividing his fishing earnings of $9,865 by 16 gives him weekly insurable earnings of $616.56.
However, within the last 26 weeks (which occurred in the 31-week qualifying period), John also works in another job during which he earns $10,000 in 15 weeks. Because these earnings are not from self-employment in fishing, they are called regular earnings. The unemployment rate in his area is 11.5%, which means the divisor is 16. Dividing his regular earnings of $10,000 by 16 gives him weekly insurable earnings of $625.00. We use the divisor of 16 for the regular earnings because it is greater than 15, which is the number of regular weeks of insurable earnings in the last 26 weeks.
We calculate John's total weekly insurable earnings as follows:
Fishing weekly earnings: $616.56
Regular weekly earnings: $625.00
Total weekly earnings: $1,241.56
When the regular earnings are added to the fishing earnings, the total is greater than the maximum weekly amount of $1,042 per week. Since John's insurable earnings cannot exceed the maximum weekly amount for 2020, we use that amount to calculate his benefit rate. John's weekly benefit rate is therefore $573 [($53,100 ÷ 52 weeks) x 55%].
The maximum weekly amount is based on the yearly maximum insurable earnings amount. In 2020, the yearly maximum insurable earnings amount is $54,200. The maximum weekly amount for 2020 is calculated by dividing $54,200 by 52 weeks. This means the maximum weekly amount for 2020 is $1,042.
If your net family income does not exceed $25,921 per year, you have children and you or your spouse receives the Canada Child Tax Benefit, you are considered a member of a low-income family. Therefore, you may be eligible to receive the EI family supplement.
The family supplement rate is based on your net family income up to a maximum of $25,921 per year and the number of children in the family and their ages.
The family supplement may increase your benefit rate up to 80% of your average insurable earnings. If you and your spouse claim EI benefits at the same time, only one of you can receive the family supplement. It is generally better for the spouse with the lower benefit rate to receive the supplement.
If your income rises, the family supplement will gradually decrease. If you go over the maximum income of $25,921, you will no longer receive the supplement.
Taxable EI benefits
EI benefits are taxable, no matter what type of benefits you receive. Federal and provincial or territorial taxes, where applicable, will therefore be deducted from your payment.
If you qualify for fishing benefits, you may receive up to 26 weeks of benefits within a period of 37 or 38 weeks, depending on the day of the week on which April 1 or October 1 falls. This period is called the benefit period.
The benefit period for a winter claim can start as early as the week of April 1 and must end no later than the week of December 15.
The benefit period for a summer claim can start as early as the week of October 1 and must end no later than the week of June 15.The benefit period can be extended to a maximum of 52 weeks if you are claiming EI special benefits such as sickness benefits. The benefit period is extended by one week for each week of special benefits claimed.
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