Employment Insurance (EI) is a government program that provides financial support to individuals who lose their jobs through no fault of their own. This assistance helps people cover their basic living expenses while they search for new employment. To qualify, applicants must have worked a certain number of hours and paid into the EI system.
In addition to job loss, Employment Insurance also offers benefits for those who are unable to work due to illness, pregnancy, or caring for a newborn. This program aims to provide a safety net for workers, ensuring they have some financial stability during challenging times.