Employment Insurance (EI):The government’s EI plan includes benefits if you can’t work for medical reasons. It’s capped at 55 per cent of your earnings to a maximum of $650 per week for up to 26 weeks. Canada Pension Plan (CPP) disability benefits:If you pay into the Canada Pensio...
A lump-sum comes with pros and cons. One advantage is that with a lump sum, you have more control up front, and once you receive it, you can invest the money however you wish. However, you may receive less money in a lump sum than you would have if you took periodic payments. Tax...
Employment Insurance (EI):The government’s EI plan includes benefits if you can’t work for medical reasons. It’s capped at 55 per cent of your earnings to a maximum of $650 per week for up to 26 weeks. Canada Pension Plan (CPP) disability benefits:If you pay into the Canada Pensio...