knowledge topics
EI Sickness Benefits
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Explain how each of the factors may impact the amount of EI sickness benefits payable.1
- Insurable earnings
- Regional rate of unemployment
- Number of highest earning weeks
- Identify the maximum weekly EI payable.1
- Estimate the benefit payable from EI sickness benefits.1
- Identify when EI sickness benefits are expected to commence.2
- Explain the impact that monies received during the waiting period will have on EI sickness benefits.2
- Identify the types of income that will be deducted from EI sickness benefits.2
- Identify the types of income that have no impact on EI sickness benefits.2
- Explain the tax treatment of receiving income under EI sickness 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
Read more about the Taxonomy used in the FP-BoK
