Employment Insurance (Fishing) Regulations

4.2 The insurable earnings paid or payable to a fisher, during the rate calculation period, by reason of lay-off or separation from employment is the lesser of

• (a) the actual amount of those earnings, and

• (b) the amount calculated in accordance with the following formula:

  A x 0.18

  where

  A

  is the fisher’s insurable earnings during the rate calculation period — not including those referred to in paragraph (a) — paid or payable for the employment that gave rise to the earnings referred to in that paragraph.