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Mary's employment has been terminated and her employer has issued her a ROE. What purpose does the ROE serve?

User Adriang
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The ROE (Record of Employment) serves as an important document that provides information about an individual's employment history and earnings when their employment is terminated. The ROE contains details such as the reason for termination, the dates of employment, and the insurable earnings during the period of employment. This information is used by the government to determine eligibility and calculate the amount of EI benefits an individual may receive. The ROE acts as proof of employment and earnings for individuals who may need to demonstrate their work history and income when applying for loans, mortgages, or other financial services. It is often required by banks, financial institutions, or other organizations to verify employment and income information. The information on the ROE is also used for tax purposes. It helps individuals accurately report their employment income and related deductions when filing their annual tax returns. Employers submit copies of the ROE to the tax authorities to ensure accurate tax reporting. The ROE serves as an official record of an individual's employment history. It documents the start and end dates of employment, the reason for termination, and other important details that may be useful for future reference or potential future employers.

User Constantine
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Answer:

An ROE, or Record of Employment, is a form that employers fill out for their employees who receive insurable earnings. This form provides proof of work and allows employees to collect unemployment insurance if they experience an interruption of earnings. The purpose of an ROE is to inform Service Canada whether the employee is eligible to receive Employment Insurance (EI).

Explanation:

User Yetiish
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