If you are laid off from insurable employment you can apply for EI. If you're on EI you have to declare if you're self employed. They make a ruling on whether your self employment would affect your job search.rammut wrote: ↑May 11th, 2017 12:34 pmHi all,
I am currently working at a big corporation in Montreal. I am a full-time permanent employee and I pay all the EI, Pensions, RRSPS, etc etc.
I want to get into affiliate online marketing and online selling business (open a shopify store and do affiliate marketing and receive commission on the side). So I was thinking of doing a corporation so like that I can save on taxes since I am already considered as high income.
My question is if I open this company, and I start doing some money. Let's say I lost my permanent full-time job because the company laid me off or what not. I would usually be entitled to receive Employment insurance benefits for 11 months because I lost my job. If I have a company on the side and earn money from that, will that impact me from getting any EI benefits? Will I still be able to apply to get EI benefits?
I will have a business bank account and through that I will have all my income and commission deposited (or maybe through a credit card for the affiliate commissions - not sure yet).
Has anybody been in this position before? How does that work? Can anybody please give me any advice? I wanted to call my accountant but felt like asking here before to have a heads up.
You have to be looking for work and willing to accept insurable employment. If you aren't looking for work because of your self employment you would not be eligible for benefits.