Unemployment insurance provides money to unemployed Canadians who meet certain requirements while they search for a new job.

• A. It guarantees employment for all workers
• B. It provides private pension plans for retirees
• C. It provides money to unemployed Canadians who meet certain requirements while they search for a new job
• D. It funds hospital care

Answer: (C)

Unemployment insurance is a temporary income support system for workers who lose their jobs through no fault of their own, while they search for new work and meet eligibility requirements. The program is funded by premiums paid by workers and their employers, and you must have worked a certain number of insurable hours and be available for and actively seeking work to qualify. It does not guarantee employment, it is not about private pension plans, and it does not fund hospital care. This makes the statement that it provides money to unemployed Canadians who meet certain requirements while they search for a new job the best description of what the program does.