Are insurable hours the same as hours worked?

The insurable hours will be the hours actually worked and not the hours accumulated at a rate greater than the regular one.

What is considered insurable hours in Canada?

In situations where a statutory holiday is paid in straight time and the holiday is not worked, the insurable hours will be the hours that person would have normally worked. In situations where a holiday is worked and no leave is given, the day worked equals the actual number of hours worked.

Are insurable earnings the same as gross earnings?

Deduct non-insurable gross earnings such as supplementary maternity benefits, executive officers earnings, not included in mandatory coverage in construction, and excess earnings above the annual maximum from your total gross earnings. The result is your total insurable earnings.

What is the definition of insurable earnings?

Insurable earnings include amounts reported on an earnings statement, or wage slip before any deductions are made for income tax, Employment Insurance (EI), Canada Pension Plan (CPP), health care plans, loan payments, union dues.

Is EI insurable earnings the same as employment income?

the insurable earnings are the same as the employment income in box 14. the insurable earnings are over the maximum for the year.

How do you calculate insurable hours?

However, if no contract or agreement on hours exists or can be reached, we determine the number of insurable hours by dividing the insurable earnings by the minimum wage. The result cannot be more than seven hours per day or 35 hours per week.

What are insurable hours?

The total number of hours you worked in your qualifying period is called your “insurable hours”. To qualify for EI, you need a certain number of insurable hours. Usually, you need between 420 and 700 insurable hours to get EI. The exact amount depends on the rate of unemployment in your area.

How are roe insurable earnings calculated?

Calculating total insurable earnings – Maximum number of pay periods to use. *The number of pay periods you use to determine the amount to enter in Block 15B is different from the number of pay periods you use for Block 15A.