Stats Canada published their monthly stats about the Employment Insurance rolls and surprisingly more folks are claiming EI again last month.
In April, 697,000 people received regular Employment Insurance benefits, up 18,600 from a month earlier. This 2.7% increase was the smallest in six months.
However, it is nice to see it is the smallest rise in 6 months.
The disheartening news is:
Since October 2008, the number of regular EI beneficiaries has risen by 39.3%, increasing in all provinces and territories, with the largest percentage growth in Alberta, British Columbia, Saskatchewan and Ontario.
Given one of the election argument points in the fall will be making EI claims easier, these numbers are bound to increase if the Financial Apocalypse continues until then.
RDSP Here But Not There
We have been researching RDSPs. We have found a very interesting issue with the large banks. Only BMO, RBC, and CIBC offer some sort of plan, which vary widely in what is offered. These can be just GIC's, mutual funds, or a complete open trading account. The RDSP was introduced in the 2007 budget. It is interesting that the banks seem to be dragging their feet on this service, for now.
The rules around the RDSP are very interesting. I will elaborate on that more after we research a little more. The Canadian Capitalist has already written about RDSPs as well.
Employment Discussions 2009
📈 Red: 2008–2009 Financial Crisis
📈 Orange: 2020 COVID-19 Pandemic
📈 Green: 2022–2025 Post-Pandemic Recovery
- Unemployment Up Sharply to 7.2% in January 2009 the impact of the great meltdown was starting to settle in.
- Bad Unemployment and No Pensions for February 2009 things were very not good back then.
- Unemployment Up Again to 8.0% March 2009 not too surprising really. March was still deep in the heart of the meltdown.
- Unemployment Up a Bit for April 2009 so these are the actual Unemployed count from Stats Canada
- More Folks on EI in April 2009 - a sad time still
- Unemployment Numbers up a Little - The numbers for June 2009
- For July 2009 Unemployment Rate Hovers - is this a plateau? Hard to tell.
- Better Employment Numbers September 2009 - shows that life started to get better as 2009 went on. We hoped.
- Less Employed in October 2009 8.6% Unemployed - OK so our hopes were dashed for a while.
- November 2009 Employment Numbers: A Festivus Miracle! a month early for Festivus, but good news, is good news.
- Nothing New on Jobs Front for December 2009 the year did not end with a bang unfortunately.
Index of RDSP Pages
Here is the RDSP Page List in case you got here and are wondering where to find out more information.
- The Registered Disability (RDSP) page, where you most likely came from. Check here for all things to do with RDSP and applying for it.
- How to Laying the Groundwork for an RDSP outlines the most difficult part of the process: applying for a Disability Tax Credit (DTC).
- How to Open an RDSP account sounds simple, but it is fraught with landmines and hidden silliness. Open the most flexible investing account possible.
- Disability Tax Related Topics covers a wide scope of tax-related ideas and concepts once your loved one has a Disability Tax Credit.
- Autism Specific Articles is a page dedicated to what I have learned about Autism, money and life.
