Thank you for the reply clseea.clseea wrote: ↑Your waiting period is the first 2 weeks in which you would normally be eligible to receive EI. If you stopped working March 31st but received 2 weeks of severance (or whatever), you wouldn't serve your waiting period until after that severance amount runs out (at a rate allocated as per your average weekly earnings). If you stopped working March 31st but didn't receive any separation monies, you'd serve the 2 weeks immediately.
In terms of when you'll get paid, it can take up to 4 weeks from the date of your application for your claim to be finalized. With current processing delays, it could realistically take up to 40 days. Yes, you'll be "back paid" for those weeks.
So if you do end up starting a job right at the start of May, you'd serve a two week waiting period and then be paid for a couple other weeks prior to starting your new job. Apply now, no sense waiting for no reason.
Here's my situation. I did not receive severance after March 31st. However, I did receive a single lump sum payment of bonus, vacation pay, and a week's pay a week after Mar 31. You mentioned that the waiting period won't start until the separation monies run out at a rate allocated as per average weekly earnings. So let's say, for example, my average weekly earnings is $800. If my lump sum payment is $4800, does this mean that my waiting period won't start until 6 weeks after I received the lump sum? If that's the case, will I be able to receive any EI if I choose to start working full-time at the start of May?
And what about the week during April 1 to April 7? Is that week taken into account in any way for the waiting period and does that affect in any way the start time of the benefit period?