Did you know you may apply for Employment Insurance Benefits by submitting a ROE form to the Canada Revenue Agency? Yogi & Associates are here to fill you in on everything, so there is, after all. Our accountants therefore have all the information you require, from how long it will take to get your Employment Insurance benefits to what paperwork needs to be submitted. Please don’t hesitate to contact us if you need help, as our objective is to make this process as easy as possible by providing you with the comprehensive information to ROE in 2022.
The Employment Insurance (EI) programmes available in Mississauga cover a wide range of situations, and there are numerous eligibility requirements. Some people’s eligibility is determined by their work schedule or whether they are self-employed. Others may be able to receive assistance if they have been unable to find employment or make the necessary efforts to hunt for a new job in order to get back on track. To make a claim for employment insurance, a person must find employment. Therefore, it is extremely likely that the Canada Revenue Agency won’t require an Employer’s Record of Employment if you have worked for yourself and received income. However, if it does, you will need to complete its form each year. So, don’t worry about it, and pay Yogi & Associates a visit.
1. What is ROE?
Records of Employment, or ROE, are used to maintain track of employees’ hours worked. Simply said, things include how long they have worked and how much money they have made from their previous jobs. With the aid of this data, the Services of Canada may determine if a specific employee qualifies for Employment Insurance benefits, as well as how much money they should get and for how long.
Point to ponder: In addition, Service Canada employs ROEs to ensure that no one obtains money they shouldn’t or misappropriates EI funding.
2. How Does It Work?
Record Of Employment is a form or a document that an employer fills for an employee to get EI benefits in the following situations:
- An employee resigned.
- An employee has been dismiss.
- An employee receives seven days of unemployment benefits from their company (known as The Seven Day Rule.)
- A worker receives salary that is less than 60% of what he typically earns each week due to illness, an accident, pregnancy, or another circumstance.
3. Two Formats of Record Of Employment:
- Electronic Record Of Employment
- Paper Record Of Employment
You can submit ROE online to Canada Revenue Agency in two ways:
- First, you can insert information online through a Canadian website before submitting the form through ROE Website.
- The payroll service provider will handle Secure Automated Transfer (SAT), which uses bulk transfer technology, on your behalf when you submit the Record of Employment form.
ROE is a one-page document with three elements that you can submit on paper.
- To apply for Employment Insurance benefits, the employee receives an original copy.
- A blue copy is sent to the Canada Revenue Agency.
- The carbon copy is kept for your company’s records.
4. What Should you do with The Record Of Employment Forms?
The information is used by CRA to assess a person’s eligibility for Employment Insurance benefits, the appropriate amount, and the duration of the benefits. Then, using Record of Employment forms, the CRA ensures that no one is abusing EI payments and that only those are given this chance who truly deserve it.
If you want to learn about the employment insurance, you can see our article by clicking The ultimate guide to employment insurance.
5. Deadline for Issuing an Record Of Employment:
Submitting ROE File through Paper:
Depending on how you plan to submit the ROE file, there may be a deadline. Therefore, you must submit your written application within five days of:
- The first day of your unemployment.
- The day that the employer learns about the income loss.
Submitting ROE File Electronically:
- Your company’s pay month will determine the deadline if you submit the ROE file electronically. For example, you have five business days following the end of the pay period, if your pay cycle is weekly, bimonthly, or semi-monthly.
- If you are paid monthly or every four weeks (13 pay period per year), you have five calendar days after your pay cycle to submit the documentation. About 15 business days following the first day of an earning disturbance, an employee’s salary is affected.
Wrapping it up!
Every time an employee experiences a “Interruption of Earnings,” CRA receives a ROE. Contact Yogi & Associates right away if you need help locating your ROE or understanding when and where to send the forms. We make sure that all of your work is completed in the system, which makes the entire process simple. All throughout the year, our accountants are dedicated to helping you with all of your informational needs. Therefore, get in touch with us right away to begin making plans for the future!