What type of support does EI offer for new parents?

The appropriate answer is financial support during maternity or parental leave. Employment Insurance (EI) provides benefits to eligible parents who take time off work to care for a newborn or newly adopted child. This support is designed to help replace a portion of a parent's lost income during this critical time when they are unable to work due to caregiving responsibilities.

Accessing EI benefits allows new parents to take the necessary leave without the immediate financial burden that comes with an extended absence from work. It is a crucial part of the support system in Canada, enabling parents to bond with their children while addressing the financial implications of their leave.

The other options, while related to parental and family support, do not accurately reflect the benefits that EI offers. EI does not provide loan options, coverage for medical expenses, or paid vacation days specifically for new parents. Instead, it focuses on income replacement during maternity and parental leave, making it an essential resource for families welcoming a new child.