How does parental leave work?

There’s plenty to prepare for and think about when welcoming a baby, including who will take time off to care for your new arrival, and for how long.

This also means looking at your financial plan to see how you’ll cope with this loss of earnings, especially at a time when you’ll take on several new expenses. Luckily, there is financial assistance available. In Canada, you can take maternity and parental benefits to receive financial assistance as you take time away from work to care for your baby.

What are parental benefits?

Parental benefits provide financial assistance to people who:

These benefits are provided through Employment Insurance (EI) and are designed to replace your earnings while you’re off work. The amount you can receive will depend on how long a leave you take:

Standard parental leave