What is EI (Employment insurance)?

EI (Employment insurance): Employment Insurance (EI) is a social benefit program in Canada designed to provide financial support to eligible individuals who have lost their jobs or are temporarily unable to work due to various reasons, such as layoffs, illness, maternity or parental leave, or caregiving responsibilities. It offers income replacement through regular payments to help individuals and their families meet basic living expenses during periods of unemployment or underemployment. To qualify for EI benefits, individuals must meet specific criteria related to employment history and contributions, and they must actively seek reemployment while receiving benefits.