Parenting & Family

Paternal leave EI payments

  • Last Updated:
  • Jul 11th, 2017 10:58 am
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[OP]
Member
Jun 18, 2005
435 posts
15 upvotes
Courtice

Paternal leave EI payments

Hi everyone,

Just getting ready to go on leave. Trying to guess what I will receive for my leave. I will be taking full 35 weeks my girlfriend won't be taking any.

In 2016 my income was 60k and for 2017 I am on pace for 55k. I was just wondering what type of tax to expect off my payments? How much will I receive?

I also read the waiting period is 1 week vs 2 weeks for parental leave over standard EI layoff. Is this true?
14 replies
[OP]
Member
Jun 18, 2005
435 posts
15 upvotes
Courtice
Thanks! It dosent divulge into what I should be expecting after tax though.
Deal Addict
Aug 17, 2008
3851 posts
768 upvotes
Sask.
Since you'll be getting the max, probably assume 1/3 off for tax - but that's just a guess. It's been a while since I took mat leave, and I don't remember.
Member
Jan 13, 2012
245 posts
35 upvotes
Trix77 wrote:
Jun 6th, 2017 8:33 pm
Thanks! It dosent divulge into what I should be expecting after tax though.
It will be about 1000 every two weeks if you get the max.

Edit: prob closer to 950. But likely 950-1000
Newbie
Jan 15, 2017
22 posts
16 upvotes
I just starting receiving mat leave EI payments. You'll be getting the max which is $543/week. $26 of tax is taken off so it comes to $517/week but payment is biweekly so I get $1034 every other Tuesday.
Deal Addict
User avatar
Aug 5, 2003
2101 posts
149 upvotes
North York
keep in mind the taxes deducted from your EI payments are less then what you will need to pay at the end of the year because of the your income from the rest of the year puts you in a higher tax bracket, so bank some of the EI payments to cover yourself at tax time (or actually do the math and figure out what your tax rate should be on your annual income including the EI, and make sure you save enough to cover the difference from your amount payable against the amount deducted.)
Deal Fanatic
Sep 21, 2004
7944 posts
603 upvotes
cliff wrote:
Jul 5th, 2017 11:41 pm
keep in mind the taxes deducted from your EI payments are less then what you will need to pay at the end of the year because of the your income from the rest of the year puts you in a higher tax bracket, so bank some of the EI payments to cover yourself at tax time (or actually do the math and figure out what your tax rate should be on your annual income including the EI, and make sure you save enough to cover the difference from your amount payable against the amount deducted.)
This is very important or you can be in a world of hurt at tax time.

Mrs Stock has top up from her work place which is also under taxed. I nearly fainted for our first kid when I saw how much we owed (few g's).
Sr. Member
Sep 3, 2013
680 posts
118 upvotes
Toronto
Stock R wrote:
Jul 6th, 2017 11:36 am
This is very important or you can be in a world of hurt at tax time.

Mrs Stock has top up from her work place which is also under taxed. I nearly fainted for our first kid when I saw how much we owed (few g's).
Good to know. As in $2-3000?
Deal Addict
May 28, 2005
1941 posts
101 upvotes
you can request more taxes to be deducted if you are worried about not paying enough
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Sr. Member
Nov 13, 2013
873 posts
304 upvotes
OTTAWA
Wilmega wrote:
Jul 6th, 2017 3:49 pm
you can request more taxes to be deducted if you are worried about not paying enough
Better to just save it. My wife (significant top-up) ended up owing almost $10k.
Penalty Box
Mar 23, 2016
821 posts
221 upvotes
Wilmega wrote:
Jul 6th, 2017 3:49 pm
you can request more taxes to be deducted if you are worried about not paying enough
How do you do this?
*Faux transparency / censorship warning for RFD*
Deal Addict
May 28, 2005
1941 posts
101 upvotes
springdays wrote:
Jul 7th, 2017 4:32 pm
How do you do this?
If the online application doesn't have a section, then you can call the 1800 number and speak with a rep.
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Deal Fanatic
Nov 11, 2008
7079 posts
1020 upvotes
apnayloags wrote:
Jul 11th, 2017 9:29 am
how does the top-up work?
Employee benefit from employer

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