Quote:
Originally Posted by Doodlebug
Out of curiosity, anyone know what percentage of EI payments are for maternity and parental leave?
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I don't know the actual percentages but here is a quick calculation I did to realize the extent of these expesnses.
My wife and I contribute the max to EI each year about $800 a year and the employer roughly matches it for a total of $3200 per year into EI. You get about $900 every two weeks on EI. We had 2 kids so received 46,800 from the governement for EI.
If you divide that by the $3200 per year that we are contributing it will take 15 years to pay for the EI benefits I recieved. I don't plan on working more than about 35 years so about 40% of mine and my wifes EI contribution will have gone towards Maternaty benefits.
Now this doesn't take into account the whole picture but I would bet at least 25% of the costs are Mat leave related.