Maternity leaves in the developed world vary in length and pay from nothing to 14 months at no pay to 100% covered. Canada offers one of the most generous government-sponsored leaves available: a full 12 months off at 55% of your salary. This consists of 15 weeks maternity leave to be taken by the mother, plus 35 weeks of paid parental leave that can be taken by either parent. Sad news surprise: as a self-employed person, I didn’t qualify. Whomp, whomp. In Canada, maternity and parental benefits come out of Employment Insurance (EI). In order to qualify for EI, you have to pay into it. Most self-employed freelancers and entrepreneurs opt not to because the costs far outweigh any of the benefits over your working lifetime. The upside of staying out of EI is self-employed Canadians get to keep an extra $2,000 in your business, and therefore your pocket. The […]
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