What is Employment Insurance (EI)?

Employment insurance is a form of temporary financial assistance to workers who have lost their jobs, to help them in the interim period while they look for new employment. EI also assists Canadians who are unable to work due to specific circumstances like sickness, pregnancy, or the need to care for a family member who is critically ill or injured. EI is deducted from an employee’s pay cheque as well from employers.

What is the EI refund?

Under the current law, family-owned business usually end up paying EI for direct family members employed by the business. These family members do not typically qualify for EI benefits as family members are not insurable. Essentially, this means that the family-owned business as well as the employed family members are paying premiums for benefits that will never be received. Because of this, many family businesses as well as the employees are eligible to get these premiums refunded.

How do I know if I qualify?

If your family owns 50% or more of your business, and your are employing direct relatives (Spouses, Children, Parents, Grandparents, step-family etc.), and you are paying EI for them, then there is a good chance that you qualify for an EI refund.

Where does CTS and Associates come in?

There are strict regulations on the application process for these refunds. Employment Insurance refund claims can be denied simply for an application being filled out improperly. It is extremely hard to have a negative ruling overturned. CTS & Associates will evaluate your business to ensure that it is eligible for this refund. We deal with the application process for you, to ensure that it is done correctly, and track the progress of the refunds to ensure that you receive the money that you are entitled to. All of this is at no additional cost to you. We only get paid if you get paid.

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