Ontario and BC Severance Pay: For Employers
If you terminate an employee’s job, as long as you can’t prove it was legitimately for cause, the employee is entitled to compensation. Even if your business downsizes or closes completely, you must pay severance.
Many employers mistakenly believe they only need to provide one week of wages per year of employment. But the common law in Ontario and BC requires substantially more severance in most situations for non-unionized staff. Our Ontario and BC Severance Pay Calculator will show you the range you should expect to pay. Every case is different though. Our expert employment lawyers can advise you on ways to reduce your severance liabilities.
You can help protect your company from future lawsuits with clearly worded employment contracts.
To find out more about employment contracts, termination, and wrongful dismissal, visit us at www.stLawyers.ca.