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International Restructuring Newswire
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Canada | Publication | December 15, 2021
‘Tis the season to be jolly. ‘Tis also the season for employers to struggle with the intricacies of statutory holidays and related pay. This year, Christmas Day falls on a Saturday, Boxing Day Sunday, and New Year’s Day the following Saturday. Here are some points to remember about employee entitlements under the British Columbia Employment Standards Act.
Do employees automatically get Christmas Day, Boxing Day and New Year’s Day off of work? Technically, no:
Are all employees entitled to statutory holiday pay? Generally, yes, but with some rules:
How do you calculate the pay entitlement? It depends on whether the employee worked on the statutory holiday:
Keep in mind that not all employees are covered by the Employment Standards Act. Workers in certain occupations, for example architects, engineers and licensed insurance agents, are exempt from these rules.
Happy Holidays!
The authors would like to thank Alysha Bennett, Articling Student, for her assistance in preparing this legal update.
Publication
Welcome to the Q2 2024 edition of the Norton Rose Fulbright International Restructuring Newswire.
Publication
The Canadian Federal Budget 2024 proposes to broaden the scope of certain powers allowing CRA to request information from taxpayers, and sets out new consequences for non-compliant taxpayers.
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The alternative minimum tax is an additional income tax imposed under the Income Tax Act on individuals and certain trusts who would otherwise be able to reduce their ordinary Canadian federal income tax through the use of certain deductions, exemptions or credits.
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