Pretty Florists is a floral supply company with offices and boutiques in Ontario and Quebec since 1992. The organization currently has an approximate annual payroll of $12,000,000 in both Ontario and Quebec. The organization is considering terminating the employment of five employees in both Ontario and Quebec.To assist with forecasting the budget for the balance of the year, the Director of Finance has asked you, as the Payroll Supervisor,to provide her with the details on all legislated payments on termination of employment required for both Ontario and Quebec.

In addition to the required payments on termination, include any employer costs related to the employees' statutory deductions.

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So, Question is,

Detail on legislated payment on termination of employment required for Ontario and Quebec, Canada. In addition to the required payments on termination, include any employer costs related to the employees' statutory deductions.(which means CPP, EI, Incometax)

so i add some information about payroll - termination

amount of working notice or wages in lieu of notice that must be given to an employee whose employment is being terminated, and the percentage or fraction of vacation pay that must be paid, as well as any severance pay requirements.

-In all jurisdictions, except Qubec, legislated wages in lieu of notice are considered income from employment, subject to all statutory deductions.

-Retiring allowances are not considered income but are subject to federal and provincial income tax.

-Vacation pay paid on termination of employment is considered income from employment and is subject to all statutory deductions

** legnth of service / notice period

ontario:

6month: 1week/ 1yr:2w / 2yr:2w / 3yr:3w / 4yr:4w/

Quebec:

6month:1w/ 1yr:2w/ 2yr:2w/ 3yr:2w / 4yr:2w

Vacation pay on termination

In Ontario, employees are entitled to two weeks of vacation time, paid at 4% of the legislated vacationable earnings after one year. After five years of continuous employment with the same employer, vacation time increases to three weeks, paid at 6% of vacationable earnings.

The following are some of the earnings included in the calculation of vacation pay: regular wages or salary (including call-in pay, shift premium, retroactive pay and commissions) overtime pay work-related bonuses wages in lieu of notice of termination statutory holiday pay board and lodging cash taxable benefit

Qubec employees are entitled to two weeks of vacation time, paid at 4% of vacationable earnings after one year. After three years of uninterrupted service with the same employer, at the end of the reference year the vacation time increases to three weeks, paid at 6%. The following are some of the earnings included in the calculation of vacation pay: regular wages or salary (including call-in pay, shift premium, retroactive pay and commissions) overtime pay work-related bonuses wages in lieu of notice of termination statutory holiday pay sick pay previously paid vacation pay vacation pay owing at termination

severance pay is calculated as:

In Ontario, one week's regular wages for each full year of service plusfor part years of service, one week's regular wages times the number of full months of service, divided by 12