By November of this year, or earlier if baby is too excited to see the world, I, again, will be a stay at home mom. For a year, at least.
One of the perks of being a Canadian resident/citizen, is having maternity leave that lasts for 15-17 weeks and an additional 35 weeks parental leave that can be split/shared both by mother and father.
In our situation, J and I decided that it is best that I should be the one to take all of it, so .. lucky me! That is also one of the reasons why I decided that it's high time to revive this blog. I feel like I will have more time to blog again (really???).
On top of that, if the parent who is taking the maternity/parental leave was working for at least the required minimum number of months, and has contributions to Employment Insurance or EI (click on the link if you want to know more about it) prior to the leave, that individual would be able to receive benefits while on leave. That is up to 55% of the individual's taxable income before going on leave. This applies to individuals who are pregnant, have recently given birth, are adopting a child, or are caring for a newborn.
Some companies have a "top up" option. That is, aside from the 55% or so, that the employee will be receiving from EI, the company will chip in an additional percentage to complement the income up to a certain period of time. And I believe, employees who return to work after the leave provision shall be placed in the same or like position at the same rate of pay.
Different companies mean different rules, regulations and benefits. But the EI is one thing that is universal here in Canada.
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