During the spring of 2007 some East Coast fish harvesters were affected by worse than normal ice conditions and experienced prolonged periods without fishing income or Employment Insurance Benefits, which resulted in significant economic hardship. To address this, the Department of Fisheries and Oceans provided direct financial assistance in the form of a grant.
The 2007 Ice Compensation Program is now closed.
For your convenience, below you will find the answer to some frequently asked questions.
1. Is this grant taxable?
Yes, it is. However, income tax will not be deducted at source from these grants. Grant recipients will receive a tax information slip in the mail in February of 2008. The tax slip will be sent to the same mailing address as the Ice Compensation package. The amount of the grant must be reported on your income tax return for 2007. For more information, please visit the Canada Revenue Agency's website at www.cra-arc.gc.ca/fishers/.
2. Is this grant an EI extension?
No. This is special financial assistance funded by the Department of Fisheries and Oceans (DFO). Service Canada is assisting DFO with the administrative work of distributing the payments.
3. Is this grant insurable?
No. Any payment received under the Ice Compensation Program is not insurable and cannot be used to establish an EI claim.
4. Will my entitlement to this Ice Compensation Grant Program be affected by the fact that I am receiving Social Assistance Benefits?
No. Weekly grant payments will only be reduced as a result of fishing (including sealing) earnings. To determine if Ice Compensation payments will have any impact on your entitlement to Social Assistance Benefits you should contact your local district office of the Provincial Government Department of Human Resources Labour and Employment.
5. If I served a two-week waiting period for the 2007 Ice Compensation Program, will I have to serve another two week waiting period when I file for my next EI Fishing Benefits?
Yes, as these two programs are unrelated. The two-week waiting period under this grant program is in no way related to programming rules of any future claim for EI benefits.