Pregnant!

[Suzie_Homemaker]

Does anyone know if EI is calculated based on Gross or Net income? I thought it was gross income but when I look at Service Canada's site it just states "55% of insurable earnings." Google searches are coming up not too helpful. TIA

It's your gross income but your businesses net income. Earnings less expenses claimed = your business profit.

[Lee-Bee]

Also worth noting...the EI you get is taxable but they do not take the taxes off before giving it to you. You'll need to put some money aside for tax season so you don't end up with a tax bill you weren't expecting to pay.