“I am thinking about applying for EI. How will they calculate how much I have to pay?”
-Kyla Hubbard, Cyclona Designs, Victoria, B.C.
Your EI premiums will be calculated based on your income tax and benefit return for the year in which you apply. For example, if you register in 2012 , your EI premiums will be calculated based on your 2012 income tax and benefit return and will be payable by April 30, 2013.
Regardless of when you register during a given year, EI premiums are payable based on your self-employed income for the entire year. See calculation of premiums page for more information.
See my blog post on EI for the self-employed for more information.