Self Employment

Not having a job can make an individual experience financial instability. This is why employment insurance is available for those who are unemployed. Employment insurance temporarily provides financial assistance to those who have just lost their job. Employment insurance benefits may also be acquired by those who are absenting themselves from work to take care of a critically ill relative or a newborn or adopted child.

How about insurance for the self employed?

The Human Resources and Social Development Canada (HRSDC) provides financial assistance for the self employed. This assistance is granted to those who are employed under approved self employment programs. For the self employed individuals who are currently receiving regular employment insurance benefits, they will keep on receiving these benefits for the duration of their benefit period. After this benefit period is over, they may be entitled to receive a living allowance until the end of their self employment agreement. For the self employed who are not receiving employment benefits, they may be eligible to receive financial assistance for their living expenses. Under exceptional circumstances, temporary financial assistance may also be given to help with the following costs: disability needs, dependent care, transportation, and tuition costs.

How can I be involved in a self employment program?

If you would like to start your own business but don't know how, you can take part of the employment programs of HRSDC. This program grants financial assistance to eligible persons in order to help them create jobs by starting their own business. You may contact your Provincial or Territories Department to ask about these programs and learn how to apply.