Employment Insurance (EI) is an important component of the broader social policy in Canada. The Employment Insurance system helps many people who lose their jobs by temporarily replacing part of their wages while they look for work. It is a form of social insurance in which taxes collected from employees and employers are paid into the system on behalf of working people to provide them with income support if they lose their jobs. The system also helps to sustain consumer demand during economic downturns by providing a continuing stream of dollars for families to spend.

a, Financing the Employment Insurance system in Canada

please answer part a about how the financing of employment insurance system works in Canada. i know wanna what EI is i just want more detail on financing the employment insurance in Canada. Thank you.