EI
Also written as employment insurance.
Definition
Employment Insurance premiums. Generally does not apply to a 1-person corporation owner because they control the corporation. Available voluntarily for certain benefits.
Long reference
Handbook
EI Premiums
Citations, procedures, and worked examples for ei.
Related terms
CPP
Canada Pension Plan contributions. Deducted from salary and matched by the employer. A corporation owner pays both halves on any salary to themselves.
T4 slip
The slip issued by an employer showing annual employment income and source deductions for a calendar year. Filed by February 28 of the following year.