knowledge topics
EI Compassionate Care Benefits
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Explain how each of the factors may impact the amount of EI compassionate care benefits payable.
- Insurable earnings
- Regional rate of unemployment
- Number of highest earning weeks
- Identify the maximum weekly EI compassionate care benefits payable.1
- Estimate the benefit payable from EI compassionate care benefits.2
- Identify when EI compassionate care benefits are expected to commence.3
- Explain the tax treatment of receiving income under EI compassionate care benefits.
Glossary of Verbs (mouse over to see definition)
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Define
To state exactly the meaning of
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Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
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Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
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Compare
To note the similarities and differences between two or more things
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Estimate
To determine an approximate value for
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Calculate
To find the value using mathematics
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Convert
To change from one form or purpose to another
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Evaluate
To reach a conclusion or make a judgement through careful study
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Interpret
To give the meaning of / to construe or understand / to translate orally
