Post # 47
Also “IF” I have kids. I’m not really feelin it lately. Haha. I don’t want kids at the moment, and I don’t think I’ll want them later in life. But who knows? I may change my mind.
In any case, I do not want to have kids in the U.S.
Post # 48
What country do you live in? All us Canadian Bees get a full year, our job is guaranteed by law to be available for us when we get back and we get paid while we’re off too.
Post # 49
How does top up work? I know people who have had it done here in Alberta but if you read the EI Maternity rules it says you cant make any extra income in the first 15 weeks or it would be deducted dollar for dollar from your EI and you can make $50 a week after that and then the difference will be deducted dollar for dollar.
Post # 50
The top up works based on the Suplemental Unemployed Benefits program which is under federal EI rules; an agreement my employer has with the government. So in essence, they will use the fact that I will have no other income other than from my employer and calculate my amount via Ei benefits and combine it with my employer. I double checked and we’re entitled to 93% of our income. If I make more than 93% of my annual income ( a combo of Ei and employer income), then any earnings are deducted dollar for dollar. Where the catch is, is if my yearly net income exceeds my allowable ei insurable earnings, I will have to pay back EI. When I met with my HR department, they mentioned that women have come back shocked to find out that they owe the government as much as $5000.00. That’s why I would like my employer to take out as much tax as they can while I’m off so I don’t have to pay back much.
Post # 51
I’m not in Canada, but I’m a dual American/Australian citizen living in Australia. And VERY grateful to be having baby here and not in the US! We too get 12 months off – not paid, but there are government benefits you can get as well. And my company offers three months paid leave, thankfully. DH’s company gives three weeks paid for parental leave. We can use that paid leave at the same time, but nothing more. I have to give my company a letter from his company stating he is not taking any further time off that those three weeks.
Between my company’s paid leave and the government benefits, I will be bringing some cashflow in for the first six months of leave. That should give us enough time to build up reserves to survive the next six months.
He’d LOVE to be a Stay-At-Home Dad but unfortunately for him, he makes 1.5x what I do! So sorry buddy, you’re going back to work after those three weeks! 😉
Post # 52
I get nearly full top up on mat leave, Fiance does not. We make within $2k of each other, so I’ll be taking the bulk of the leave. My 2 week waiting period for EI is covered as well by top up, so there’s no missing pay. It’s a good deal.
Also, I pay extra taxes (because I hate owing at the end of the year) and I paid less than 25% tax last year according to my income taxes. I did shelter quite a bit into RRSPs to reduce that figure.
Post # 53
I live in the US. I have to say I’m definitely jealous of that job perk you have. Although DH is Army, and we have pretty solid healthcare, it definitely does not have those kinds of perks!
Post # 54
For those of you in Canada, are there stipulations about taking maternity leave back to back? For instance, if I took a year off but then got pregnant during that year, went back to work for a few months… then could I take another year with the second baby? Does it depend on the employer?
Post # 55
you would have to work 600 hours in your time back to qualify for the 50 weeks paid by EI. I’m not sure about employer top-ups…I assume that you would have to qualify for EI first to receive the top-up, thus your employer would likely require 600 hrs worked as well before another mat leave
Post # 56
For the benefits portion, you would need to work ~600 hours qualify again, so you would have to work about 6 months of full time hours to get full benefits. If you have your kids back to back without going back to work at all, your job is still protected (up to 2 yrs, dependent on province I think) BUT you don’t get EI pay.
Post # 57
FTR, I’m just about done my taxes for 2013 (knock on wood) and my marginal tax rate is 36% (second highest bracket) – my ACTUAL tax rate is 19% These taxes are killing me, cry me a river.
Post # 58
- Wedding: October 2013 - Rustic mill, historical site
I have the choice of taking 8 months or 12 months, but the same amount is paid out. So, instead of getting 55% of my salary for a year, I’d get 70% but for a shorter period of time, and get back to work sooner and making more money. I’m not sure which I will take, but we’re pretty sure that I will be taking it all myself because my husband makes 50% more money than I do, it’s not worth it for him to stop working.
Post # 59
Good to know! Thank you! I want to have my kids around two years apart. So I will make sure that I am back to work for at least 6 months.
Post # 60
I am taking the full 1 year leave. DH is self employed, so he can work from home 90% of the time, and makes a lot more than I do, so it just makes sense for me to take the leave. I am jealous of the Canadian bee’s that are getting a top up! I really think we should receive 55% of our annual earnings based on individual circumstances. I don’t like this cap, good bye to 75% of my income.
Out of curiosity, are you Candian bee’s being kept on your employer’s benefits? We have a health spending account (which I LOVE), but I am losing that as soon as mat leave starts, and will be down to a measly $1750/month.
Post # 61
For my employer, our benefits still continue and as soon as baby is born, he will be added on as a dependent so baby will have benefits right away. We also have a health benefits spending account which is awesome. Every year we get to choose how much money goes into it so not knowing what to expect with baby costs, I bumped it up more. Not sure how much medical expenses costs where you are but what would your spending account be if you are not on mat leave? Do you end up using all of your spending account money for the year?