Careers

Incorporated while still on EI?

  • Last Updated:
  • May 22nd, 2018 5:59 pm
Member
Dec 4, 2006
425 posts
201 upvotes

Incorporated while still on EI?

My dad and I wish to incorporate since I will be starting a new contract role soon, but however my dad still on EI, will the income affecting his EI payment? Should I wait later on until his EI period ends ? Is it possible to add additional *owner* later on into this *incorporate*?

Thanks
1 reply
Deal Guru
User avatar
Mar 23, 2008
13006 posts
10009 upvotes
Edmonton
I don't think you're giving enough information. The safe answer should be that you should probably sit down with an accountant to set things up properly.

The biggest question would be: What's your father's role in the new corporation? Is he doing work with an expectation of compensation? Is he going to be drawing compensation now?

AFAIK (and there's a whole EI thread in the Careers forum), if your dad makes money, he has to claim it, and it will reduce the amount of EI he gets.

C

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