If I could do it again I would absolutely take 18-months, financial impact be damned. blog updates and a free dividend yield spreadsheet. It’s enough worrying about whether to do a 12 month or 18 month leave, but once your child is born there is a whole lot of other stuff to sign up for. Eversheds Sutherland has created this user-friendly calculator to make it easy for you to find out key dates in relation to maternity and paternity rights, as specified by UK legislation. self employed. My ‘mom brain’ took a bit of time to wear off. An extra 30 days are available if parents share the leave period. On November 18, 2019, the new extended parental leave allowance and the additional shared weeks available under Employment Insurance and QPIP will be implemented. Agree with Joe. Lol. This time around I was already PRN (3 shifts in 6 weeks). Call our experts for more information. usually after 17 weeks for the rest of the time). Notify me of follow-up comments by email. There is also the consideration that most women take a few weeks off before they give birth. The daily rate of maternity leave pay is calculated at 80% of your average daily wages earned in the 12-month period leading up to the first day of your maternity leave. Maternity leave calculator A handy maternity allowance calculator that gives you the key dates you need to be aware of when planning your employee’s maternity leave. Learn how your comment data is processed. This would mean that baby is not quite a year if they only take 12 months. I really like this comparison. The top-up is the same for 6 months in total. Maternity Leave Date Calculator This is a Simple date calculator for calculation of the last date of maternity leave and joining date after availing the leave. However, if you have a generous benefits package, like for example if you work for the federal government (who get 90+% top up for 12 months for their leave, from what I have heard from people I know who work in the federal government), it may not be as financially difficult to extend another 6 months for a total of 18 months with solely EI payments since 12 months is topped up. Call our experts for more information. In 2018, I would get $37,500 for the first half of the year, and $30,000 for the second half of the year, for a total of $67,500 in annual income. Seven personal finance articles I loved this month • Our Bill Pickle, PF Blog Round Up: Waiting for Baby Edition - Genymoney.ca, 9 Easy Ways to Earn Passive Income in Canada, Borrowell Review: A Free Credit Score in Canada. Answer the questions below to estimate your benefits, or find out what we use to calculate your benefits. 5 extra weeks of standard parental benefits, or; 8 extra weeks of extended parental benefits You will not receive a reply. You can only start receiving parental benefits on or after your child's date of birth or the date your child is placed with you for the purpose of adoption. In 2017, the Liberal government announced that they would add another option for parents taking leave after the birth of their baby, the extended 18-month parental leave. Let’s make the same assumptions as the previous example, with a baby born June 2018 and a salary of $75,000. Most definitely the 12 weeks! UK maternity and paternity leave calculator. Expected date of birth Here are the key deadlines you should be aware of and what each date means: I'm currently on mat leave in SK and I make the max you can make. 18 months seem like a really long time to be off. It is also different for those who own their own small businesses. In 2020, the maximum amount is $573 a week. If your baby is born early, your leave starts the day after the birth. At first, I was really excited about the new policy, firstly because I thought I could extend my 12 months leave to 18 months (no, this was not the case, you have to decide if you want to do 12 months or 18 months before you go on leave), and secondly I thought it would be the same amount of money over 18 months. The earliest your paid maternity leave can start is the 11th week before your baby is due. To qualify, you’ll have had to work 600 insurable hours and also be hit with a 40% decrease in income during your leave. By law, you should tell your employer that you are pregnant no later than 15 weeks before your baby is due. My older children are out of school, so I can spend time with all of them plus my work really slows down in the summer and the boss tries to send staff home if she can. This is called a top-up. The EI benefits pay out 55% of your average weekly insurable earnings up to a maximum amount. TD Canada Trust has a handy Parental Leave Calculator on their site so you can estimate how much you will receive. Good point about summer- especially with school age children- I went back I think when my son was around 13-14 months too and it felt a bit early as he wasn’t walking yet. In addition to these, either parent can take parental leave (vanhempainvapaa). You will receive your maternity leave pay on your normal payday. In addition to the hit to your income, baby expenses can be very costly in the first year, diapers don’t always come cheap. If you’re planning to go back to work, I think 12-month leave makes more sense. We are fortunate in Canada to have access to this 12 or 18 month maternity leave. The maximum EI payment is around $2000 a month. Does anybody know what the 18 month leave amount is after taxes? I think you should stick with the 12 month leave. It’s pretty straight forward but to receive your access code in the mail and to actually see your benefits start being paid out takes a bit of time. The Province of Quebec is responsible for providing maternity, paternity, parental and adoption benefits to its residents. It is paid for a total of 105 working days, or about 4 months. This post makes me want to move north. Especially because my son is still not sleeping through the night – please let me know your secrets, haha! Maternity leave can be taken before or after birth within 60 days of delivery. Parental leave is available following the 17 weeks of maternity leave and extends time off of up to 52 weeks if standard parental leave is selected, or up to 78 weeks if extended parental leave is selected. On the last day of work you can start to apply for EI maternity and parental benefits. Apply as soon as possible after you stop working. You’re barely recovered from the trauma of birth at 6 weeks too…. Wealthica Review: A Canadian Version of Personal Capital? Portugal There is no maternity or paternity leave, only parental leave. Types of maternity leave. @Jessica- Thanks so much for sharing your experience! Anyway I’ll get off my soap box now! So let’s say my baby was born in June 2018, and my salary is $75,000 and I intend to go back to work full time after my leave and my top up salary from my employer was for 6 months and it was topped up to around 80% of my salary and there was a top up for the first 2 weeks of the waiting period as well. Wow, your benefits are awesome. Working days are Monday to Saturday, with the exception of official holidays. To calculate your benefit amount, we use a specific number of your highest paid weeks of employment. You can work out your maternity pay and leave online. If money is not an issue, and job security is not a problem (like working for the government, or unionized jobs), probably 18 months is better? The 18-month maternity leave/ parental leave is called the extended parental benefits. I would say the percentage of moms to be that I know who are planning to take the extended 18-month leave is around 30%. Visit the Quebec Parental Insurance Plan for more information. The extended parental benefits pay out 33% of your average weekly insurable earnings, up to the same maximum amount, for a maximum duration of 61 weeks. This is roughly $1348 a month (this is before taxes are deducted). 12 months was hard enough. @Helen- Yes, dads or moms can use the parental leave but only one person can use it at one time. Here’s what the maternity leave Canada calculator says: For the 12 month leave, at around $562 each week over 35 weeks, that works out to be $19,670 in total received as a benefit. We call these your best weeks. We can't tell exactly how much you'll receive until your application is processed. If you have insurable employment (meaning, your employer deducts EI premiums from your wages or salary), or youre self-employed and are registered for the EI program, and have worked enough hours to qualify, you can apply for benefits as long as the industry youre in qualifies. Inform your employer of your maternity leave at least 2 months before the leave starts. If you share parental benefits, extra weeks are available: 5 for standard or 8 for extended parental benefits. When you took the 14.5 months off and returned to work, what about the remaining EI payments, I assume they stop? Yes, I felt it was super hard going to just EI parental leave payments too, lol. Seems like a good trade-off. This is just an estimate. For extended parental benefits, this rate is 33% of average insurable weekly earnings, up to a maximum amount. Work my brain again for more information is processed the 14.5 months off and returned to work for me pretty... 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