Entrepreneurship & Small Business

if you own a corporation and work ft, are you still eligible for EI?

  • Last Updated:
  • Aug 10th, 2017 9:03 pm
[OP]
Sr. Member
Feb 14, 2004
908 posts
55 upvotes
SCARBOROUGH

if you own a corporation and work ft, are you still eligible for EI?

I am currently work full time, and paid the EI premium on every pay cheque I get. If i plan to incorporate my small business (selling stuff on eBay), will I still eligible for EI if I get let go from my FT job?
many thanks,
Alex
5 replies
Jr. Member
Oct 27, 2012
171 posts
50 upvotes
Shwa
Yes, but in order to be eligible make sure you tell them that you are not working on your business from Mon-Fri, 9-5pm. You have to be looking for employment during those times and be available to work.
Deal Addict
Jul 7, 2004
4490 posts
475 upvotes
Yes, you pay into it and are entitled to it just like everyone else. Think of it like this... you go home and work on a business, other people go home and do other things. Shouldn't take away your right to get it.

But the point of EI is to pay you while you look for work. So you have to state you are looking for a job.
Deal Addict
Jul 30, 2003
1546 posts
64 upvotes
Toronto
What if his incorporated small business generates income? Even if he takes no $ out of the business, he is still a director of it. Wouldn't the EI department take that into consideration?
Deal Addict
Mar 16, 2006
1867 posts
326 upvotes
No...if you are officers in Corporation, you are exempt from paying EI. There is too big of a risk for abuse...you don't pay or collect EI.
[OP]
Sr. Member
Feb 14, 2004
908 posts
55 upvotes
SCARBOROUGH
thanks for the input. Yes, I am hearing mixing messages. 1. You are eligible for EI as long as you have been paying employment insurance through your work despite you have your own business. 2. If you are the director or president of the corporation, then you are not eligible for EI...

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