If you run your own company or have control over more than 40% of your corporation’s voting shares, the EI program provides you special benefits which can be availed as early as 12 months after registering. According to Canada Revenue Agency, here are the requirements to avail these benefits:
- You must be a citizen or permanent resident of Canada.
- You must be registered with the self-employed programming for a minimum time period of 12 months.
- You must decrease the amount of time you spend on your company by more than 40% for at least 1 week.
- You must have earned a minimum amount of income (at least $7555 in net earnings) through self-employment in the year prior to applying for the program.
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