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Certified Financial Planner (CFP) Practice Exam · Question

John, 40, has lost his job due to company downsizing. He has worked for the same company for 15 years, earning $70,000 annually. He has accumulated 2,000 hours in the last 52 weeks. Which of the following EI benefits is he most likely to apply for?

As John lost his job due to downsizing and requires income replacement while he searches for new employment, he would apply for EI Regular Benefits. Other speci

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Question: John, 40, has lost his job due to company downsizing. He has worked for the same company for 15 years, earning $70,000 annually. He has accumulated 2,000 hours in the last 52 weeks. Which of the following EI benefits is he most likely to apply for?

Answer options:

  • EI Sickness Benefits
  • EI Maternity Benefits ✅ EI Regular Benefits
  • EI Parental Benefits

Correct answer: EI Regular Benefits

Explanation: As John lost his job due to downsizing and requires income replacement while he searches for new employment, he would apply for EI Regular Benefits. Other special benefits do not apply to his situation.

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