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Fishing Benefits Update

April 30, 2024

FISHING BENEFITS: EMPLOYMENT INSURANCE UPDATE

The maximum insurable earnings increased to $63,200 and the maximum EI benefit increased to $668 per week effective January 1st, 2024.


Divisor Table

Unemployment RateDivisor                    Insurable Earnings*
needed to get maximum EI benefits
6% and under22$26,738.36 (22 x $ 1215.38)
Over 6% to 7%21$25,522.98 (21 x $1215.38)
Over 7% to 8%20$24, 307.60 (20 x $1215.38)
Over 8% to 9%19$23, 092.22 (19 x $1215.38)
Over 9% to 10%18$21,876. 84 (18 x $1215.38)
Over 10% to 11%17$ 20, 661.46 (17 x 1215.38)
Over 11% to 12%16$19,446.08 (16 x 1215.38)
Over 12% to 13%15$18,230.70 (15 x 1215.38)
Over 13%14$ 17, 015 (14 x1215.38)

 

There are two EI regions in Newfoundland and Labrador: St. John’s and Newfoundland (all areas not in the metro region) 

In the St. John’s EI Region the unemployment rate is currently 6.9 

In the Newfoundland Region the unemployment rate is 12.5

How is my benefit calculated?

Once the divisor is determined, total earnings in the qualifying period (31 weeks before filing for benefits or the period since you last filed for benefits, if it is less than 31 weeks) are divided by the divisor and multiplied by 55%.

Example: $10,000 (earnings) divided by 14 = $714.28 x 55% = $392.86 in weekly EI benefits. 

What about the qualifying period?

The qualifying period is a maximum of 31-week period immediately preceding the commencement of a fishing benefit period.

  • For a summer fishing claim, the earliest start date for the qualifying period is the week containing March 1
  • For a winter fishing claim, the earliest start date for the qualifying period is the week containing September 1

The maximum length of the qualifying period is 31 weeks counting back from the week prior to the beginning of the benefit period. It cannot also be part of a benefit period so if one had an earlier benefit period, the duration of the qualifying period could be shorter. There can be no extension 

What is the benefit period

The benefit period for a summer fishing claim extends from the week of October 1 to the week of June 15. The benefit period for winter fishing claim extends from the week of April 1 to December 15.

A benefit period for regular fishing benefits ends with the earlier of:

  1. the week in which the maximum number of benefits (26 weeks) has been reached; and
  2. the week in which the maximum duration of the benefit period as specified in the regulation has been reached.

The benefit period can be extended to a maximum of 52 weeks in situations where special benefits are claimed . For each week of special benefits claimed, the benefit period would be extended by one week up to a maximum of 52 weeks

The benefit period cannot be extended while claiming regular fishing benefits.