If my total income from all sources (including EI benefits for maternity) is high, am I required to repay some of the EI I received?

Allan Madan, CA

Nov 12, 2013

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Generally, when your personal tax return is filed, if you received regular benefits and your net income is greater than $59,250, you may be required to pay 30% of either the total regular benefits received in the year or the excess amount of net income over $59,250, whichever is less. However, the EI repayments do not have to be made if the EI received is considered a special benefit, such as the maternity benefit.

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ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.