Nov 1, 2025
Laid off or let go? Your first 30 days matter.
This is a practical, Canada-specific guide to unemployment,
covering everything from applying for EI to discussing when
upskilling or a pivot makes sense, as well as the risks of jumping
into self-employment and how to handle debt while unemployed. If
you’re currently employed, treat this episode as a readiness
checklist to ensure you feel prepared and confident about whatever
comes next.
(00:00) Why the first 30 days of unemployment matter
(02:00) Day-one checklist: severance, benefits, documents
(05:30) EI basics: ROE, timing with severance, applying early
(08:30) Money triage: cut variable costs, protect cash flow
(12:30) Job search that works: résumé/LinkedIn refresh +
networking
(17:00) If your field is shrinking: upskill or pivot?
(21:00) Self-employment/freelance: risks, cash needs, taxes
(24:30) Debt decisions: the best time to file bankruptcy or a
consumer proposal
How To Check If You Qualify For Employment Insurance (EI Benefits)
Payday Loans Aren’t Worth It: How To Break The Cycle
Should I Get a Loan To Pay Off My Credit Cards?
Sign Up for the Monthly Debt Free Digest
Hoyes
Michalos YouTube Channel
Disclaimer:
The
information provided in the Debt Free in 30 Podcast is for
entertainment and informational purposes only and is not intended
as personal financial advice. Individual financial situations vary
and may require personal guidance from a financial professional.
The views expressed in this episode do not necessarily reflect the
opinions of Hoyes, Michalos & Associates, or any other affiliated
organizations. We do not endorse or guarantee the effectiveness of
any specific financial institutions, strategies, or digital
tools/apps discussed.