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Does your employment insurance cheque have any tax deductions?


Does your employment insurance cheque have any tax deductions?

Yes, its the only "insurance" payout in the country that's considered taxable income.

It should have taxes taken off.

Yes, it usually does, but it is generally very small - sometimes less than 10 %. If this is your only income (or a good chunk of it) for the year, plan on paying at tax time since they will be taking off about a third in taxes then.

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