 Employment
Insurance Refunds |
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Employment
Insurance (EI) Refunds for Family Businesses
Are you running
a family business and paying Employment Insurance on your:
- Sons and
Daughters
- Wives and
Husbands
- Brothers,
Sisters and Parents
- Stepparents,
Stepbrothers, Stepsisters, Stepsons and Stepdaughters
- Grandparents,
Grandchildren, In-Laws and/or a Common-Law Partner
Well, the law
currently states that Insurable Employment does not include related
persons.
Therefore, if
your family has a controlling interest in a company (meaning the families
combined ownership is greater than 50%) AND have been paying into
the Employment Insurance system for at least 3 years; Then you
the shareholders AND all of the family listed above (they DO NOT have
to be shareholders, only relatives of shareholders) may be eligible
to get their Employment Insurance payments back! Family businesses
eligible to receive this refund include both incorporated and unincorporated
companies. (This includes sole proprietorships, partnerships, as well
as public companies.)
| “Member
of Parliament…says employers who employ family members
in their businesses…are often instructed by Revenue Canada
or by accountants to make employee deductions, even if it is
questionable whether the employee would be eligible for EI benefits…”
Winnipeg Free Press, February, 1993
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Did you know that paying premiums does not mean that you can collect
benefits?
Just because you and your family have been paying into the Employment
Insurance System, does not mean that you can collect. Unfortunately,
most find this out after the fact.
| “Businessman
upset after son ruled ineligible to get benefits…”
Winnipeg Free Press, February, 1993
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| “Husband’s
the boss, so no maternity benefits…”
Brandon Sun, March, 2002
|
Hold on—DO
NOT stop deducting Employment Insurance.
If you have family working in your business and you have been deducting
Employment Insurance, you should not stop paying those premiums. The
consequences of stopping deductions without following the correct
procedures include additional assessments, interest, penalties and
the loss of your refund. Grants International specializes in Employment
Insurance Law and family business. We will not only get you your refund
for past payments, but we will also get you a written decision ensuring
that you don’t have to make payments in the future.
How much of your
money can Grants International get you back from the government?
Applications
filed prior to December 31, could total up to $8000 in cash back refunds
per family member. More importantly, savings of almost $2000 will
continue each year, every year into the future per family member.
So, over the next 15 years savings to your company and your family
could total close to $40,000 per person.
Why Grants International?
There is no
risk in using Grants International. We do not charge by the hour.
If you do not receive a refund, there is no charge. We have been in
business since 1989 and have successfully processed over 2000 refunds.
We fully manage the bureaucratic process by taking care of the paperwork
and coaching you through the process.
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