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In Canada you pay 4% towards your vacation each year so it is paid at the end regardless.
by wolco 8y ago
In Canada you pay 4% towards your vacation each year so it is paid at the end regardless.
- elliekelly 8y agoCan you explain how this works? What do you mean you pay 4% towards your vacation? Like the employee contributes 4% of each paycheck to some sort of escrow account?
- Sgt_Apone 8y agoThe employer pays it for both part and full-time workers. The rates differ by province, but generally this works out two weeks of wages for the first few years with an employer - they can increase this if they want but that's the legal minimum. In practice this just means that you can take two weeks and still get paid. You can forgo your vacation in some instances, but you still get paid out the vacation money. I used to do that when I worked part-time in college and was short of cash for whatever reason. Ontario's rules - https://www.ontario.ca/document/your-guide-employment-standards-act/vacation https://www.ontario.ca/document/your-guide-employment-standa...
- wil421 8y agoSounds like a good option but I like having the ability to roll over a part, if not all, of my PTO. Sometimes people just take off at the end of the year because they have to.