Your employer has asked you to explain the difference between severance pay that Ontario employees and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Your employer has asked you to explain the difference between severance pay that Ontario employees and employees covered under the Canada Labour Code may be entitled to by law and a retiring allowance (often referred to as severance pay) that is not covered under specific legislation. He is confused because the terms retiring allowance and severance pay seem to be the same thing. Research these two topics and draft a memo outlining: a) who is eligible for a retiring allowance, b) who is eligible for severance pay under Ontario legislation and the Canada Labour Code specifically, and c) how severance pay would be calculated for qualifying employees in Ontario and under the Canada Labour Code. Be sure to reference the source(s) of your information. Your employer has asked you to explain the difference between severance pay that Ontario employees and employees covered under the Canada Labour Code may be entitled to by law and a retiring allowance (often referred to as severance pay) that is not covered under specific legislation. He is confused because the terms retiring allowance and severance pay seem to be the same thing. Research these two topics and draft a memo outlining: a) who is eligible for a retiring allowance, b) who is eligible for severance pay under Ontario legislation and the Canada Labour Code specifically, and c) how severance pay would be calculated for qualifying employees in Ontario and under the Canada Labour Code. Be sure to reference the source(s) of your information.
Expert Answer:
Answer rating: 100% (QA)
AA retirement allowance is paid to someone who has worked for the company for a long ... View the full answer
Related Book For
College Accounting
ISBN: 978-1111528126
11th edition
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
Posted Date:
Students also viewed these general management questions
-
Your audit manager has asked you to explain the PCAOB Assertions by using an account on the balance sheet at your audit client. For the accounts receivable account, please define each of the PCAOB...
-
Suppose a 12-year-old asked you to explain the difference between a sample and a population. a. What information should your answer include? b. What reasons would you give him or her for why one...
-
Suppose a 12-year-old asked you to explain the difference between a statistic and a parameter. a. What information should your answer include? b. What reasons would you give him or her for why one...
-
Adam and Mandeep are in a partnership in retailing computer accessories. The partnership records, exclusive of GST, for this income year, disclose: Receipts ($): 530,000 Payments ($): 175,000 70,000...
-
Refer to Exercise 7.3 on page 283. Population data: 1, 2, 3. a. Use your answers from Exercise 7.3(b) to determine the mean, x-bar, of the variable x-bar for each of the possible sample sizes. b. For...
-
A local internet provider advertises its no-time-limit service with a one-year subscription of $20 per month, two years at $11/month, and three years at $9/month. If you need to have a service from...
-
After closing its accounts at October 31,2010, Simmons Realty, Inc., had the following account balances: Prepare Simmons Realtys post-closing trial balance at October 31,2010. List accounts in proper...
-
Baxtell Company manufactures and sells a single product. The following costs were incurred during the companys first year of operations: During the year, the company produced 25,000 units and sold...
-
Pleasant View Hospital has three service departments-Food Services, Administrative Services, and X-ray Services. The costs of these departments are allocated by the step-down method, using the...
-
1. Doctor Howard and Doctor Fine occupied office space in the Uptown Medical Building. They shared rental expenses, secretarial and medical support personnel and costs and profits. Dr. Howard's son,...
-
The following statements have errors. What are they? { class Book private: string title; string ISBN; /** */ A constructor with two parameters void Book (string aTitle, string aISBN) { title=aTitle;...
-
Kegler Bowling buys scorekeeping equipment with an invoice cost of $190,000. The electrical work required for the installation $19,200. Additional costs are $3,840 for delivery and $13,635 for sales...
-
Environmental friendly marketing indicates marketing of environment friendly products and services. What can we call such marketing strategies that create long term customer relationship along with...
-
Please correct the trial balance below. Debit Credit Buildings 10,400 Sales 9,980 Salaries payable 655 Bank Loan 3,100 Cash 215 Bank balance 1,240 Owner's equity 4,785 Purchases 2,670 Sales returns...
-
Journalize the following transactions for Blossom Company. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically...
-
Suppose that in year 20X1, taxpayer owes a deficiency of $11,000, a penalty of $3,000 and interest of $200. For year 20X2, taxpayer owes a deficiency of $20,000, a penalty of $5,000 and interest of...
-
Is graffiti art, or is it vandalism? How do you feel when you see graffiti on a public wall? What makes it different from a billboard, poster, storefront sign, or logo?
-
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
-
Record the following transactions in general journal form. a. Sold merchandise on account to D. North, invoice no. 4556, $ 2,515.25. b. Sold merchandise on account to NexStar Industries, invoice no....
-
Enviro Systems keeps perpetual inventories on energy- efficient stoves, using the first- in, first- out method. Determine the cost of goods sold in each sale and the inventory balance after each sale...
-
From the point of view of a creditor, what are the advantages of having a note receivable over having an account receivable?
-
Show that \(\left(\frac{\partial C_{P}}{\partial P} ight)_{T}=\frac{6 B}{T^{3}}\) for a gas obeying the equation of state \(V=\frac{R T}{P}+A-\frac{B}{T^{2}}\). [Hint: We know that...
-
What are principal coordinates? What is their use?
-
Define these terms: mass coupling, velocity coupling, elastic coupling.
Study smarter with the SolutionInn App