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[EI or CRB] 7 Examples To Know Which One To Apply For| EI Clawback | CRB 50% Reduction | - YouTube
Channel: Thomas C Chan - Financial Services
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what's going on guys welcome back to
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another episode it's thomas here
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this week is somewhat special not only
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we have an extra day off but we also get
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to celebrate thanksgiving
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enjoy some turkey and have a little
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bonding time with our families
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what's also special is that starting
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october 12th
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you guys can finally apply for the
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canada recovery benefits
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now i know it's only been two three
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weeks since the announcement and it
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seems like there's already
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overwhelming of information out there
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already since a lot of people are still
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confused about whether if you should
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apply for ei
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or clb i decided in this video i will
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list
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seven different scenarios to help you
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understand which
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benefits you can qualify now disclaimer
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alert just like last time
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i want to point out that all the
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information that i have in here
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is based on the government's official
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websites so for most accurate
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information
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please feel free to go back and check
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also if you find this video useful
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do me a favor give it a thumbs up so
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youtube know as good stuff
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and share it to more people who need now
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that we got these out of the way let's
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get started
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so case number one i was on my ei before
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march
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and it got switched to clb i still
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couldn't find a job right now
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should i apply for ei or clb in this
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scenario you want to apply for ei
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and you don't need to reapply again
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since you already applied through
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service canada before
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it will automatically transfer your
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application back
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if you get approved for ei you just have
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to submit your report every two weeks
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second scenario i lost my job in june
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and i only applied for clb
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i'm still jobless right now should i
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apply for eilclb then
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so the answer to this scenario is if you
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are an employee before
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and have worked at least 120 insurable
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hours
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then you should apply for ei not clb
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this time you have to go to service
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canada along with your record
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employment or roe for shorts to obtain
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your regular employment
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you can go to your employer usually you
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can get neither an electronic copy or
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printed copy
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for electronic copies 9 out of 10 times
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your employer will submit it for you
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on your behalf so you don't need to
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worry about getting a copy
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if you're not sure you can log into your
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service canada account and take a look
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there should be one uploaded already if
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your employer took care of it for you
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for printed copies you can submit it to
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a service canada service center
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or you can mail in just make sure you
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given them enough time to process
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scenario free i think a lot of you guys
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asked i was working until may
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that my employer asked me to take a
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short leave i resumed work
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in september but my hours got reduced
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should i apply for ei or clb in this
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case
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so if you're working and your employer
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asks you to go on a short term leave
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then come back to work
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this is called a temporary layoff and
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you are completely eligible for ei
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however if you have been working
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continuously throughout the year but as
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only your hours got
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reduced then this case you're not
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eligible for ei
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the key here is to obtain a copy of the
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roe
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because it shows that you are not
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working during that time
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as long as the ioe shows that you lost a
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job or didn't get compensated for seven
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consecutive days
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then you are qualified for ei let me
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repeat that again
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so there's a difference between reduced
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hours
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and temporary layoff you need to
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communicate with your employer
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as far as i know employers in some
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province are mandatory to give you an
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roe for temporary layoff
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while employers in some province are not
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if your boss isn't willing to give you
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one
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it's best to contact surface canada
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another case that is similar to scenario
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free
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i have been working but now my income is
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less than 50
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of what i used to make can i apply for
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crp then
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in this case unfortunately you cannot as
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long as you have worked 120 insurable
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hours and you can receive an roe then
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you can only stick to ei
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in other words if you're a self-employed
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or contractor that have never
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contributed to ei
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or you haven't worked for 120 ensurable
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hours
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then you can apply for clb given that
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your income is 50
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reduced a lot of people thought they
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need to be jobless when they are
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applying for ei
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the truth is you can work while you're
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applying for ei
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and you can work even when you're
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collecting ei
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you just need to have a period that you
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got laid off
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or you have been without work or without
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pay for at least seven consecutive days
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in the past 52 weeks
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for ei how much can i make before i have
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to pay back the ei
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is it 38 000 so for the 38 000
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cap it's only applicable to clb but not
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ei
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for ei you can keep 50 cents of your
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benefits for every dollar you earn
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up to 90 of your previous weekly
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earnings
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above this cap your ei benefits are
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deduct
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dollar for dollar also you are not
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eligible to receive ei benefits
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if you are working in a full week
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regardless of the amount that you earn
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however this will not reduce the total
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number of weeks payable
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on your claim let's take a look at an
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example
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say your original income was a thousand
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dollars a month
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and you have been collecting ei then you
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got another job making 500
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a month as a result you need to pay two
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hundred and
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fifty dollars back to ei the following
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year when you file your taxes
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in the end you will be able to keep a
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thousand
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and seven hundred dollar and fifty from
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ei and five hundred dollars from your
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work
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for a total of two thousand two hundred
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and fifty dollars
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which is still better off than
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collecting ei only
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for the clb 38 000 cap it's 50 cents for
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every dollar on top
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of the 38 000 the income we are talking
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about here is the net
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income which is usually the number on
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the line 23600
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for the canada year excluding the clb
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payments
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for details you can check my previous
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video you can click the link at the top
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corner
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alright scenario six for some of you you
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might be asking
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what if i have two jobs one is full-time
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employee
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and the other one is part-time
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self-employed i don't lay off from my
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full-time jobs should i apply for ei or
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clb
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so the answer for that is as long as
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you're a full-time job you have bank 120
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ensurable
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hours and you got laid off then you
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should apply for ei
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not clb once you're qualified for ei
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then the income from your side job will
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trigger the yi clawback
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okay for the last scenario what if i use
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up all my ei regular benefits
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or i was on maternity leave and i also
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use up all the parental ei
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can i still apply for clb i want to
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quickly recap on how you can qualify for
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clb
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first of all in order to qualify for crb
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you cannot be eligible for ei
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at the same time your income has to be
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50
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less compared to 2019 or the last 12
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months
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so in this case where you exhausted all
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the ei
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you are technically no longer ei
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eligible and that's when you can start
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looking into clb but like i said in the
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last video
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this is in the gray area and as there
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isn't any black and white on the
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official website about this
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so apply it at your own discretion but
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hey if you fall into this category and
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you have a definite answer
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from an official please let me know in
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the comment section so i can update as
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well
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alright that's what i have for you today
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if you feel you are not in the seven
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examples about feel free to comment
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below
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or you can shoot me an email now with
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that being said
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on this year thanksgiving have a
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wonderful time with family
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and i sincerely wish you the best of
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luck of getting your income back
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we'll get through this together this is
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thomas and i'll see you guys in the next
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video
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bye guys
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