We’ve made it easier than ever to calculate statutory holiday pay for your employees.
Canadian holiday pay calculations can be very tricky: The rules vary by province, and not all employees are eligible for the same holiday pay.
Previously in Wave, you would manually calculate stat holiday pay, and pay it using the Bonuses feature. We’ve simplified all that.
In fact, it’s automated. Payroll by Wave will calculate and apply statutory holiday pay for your employees, and ensure that all provincial tax requirements are met, with no additional effort by you.
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The information and tips we’re sharing in this article are meant to be a starting point for your year-end tax prep, so you can be informed and feel confident when working with your accountant. Be sure to check with a tax expert in your country or region for any specific advice you need, as each business (and tax district) is different. As our lawyers would say: “This article is for informational purposes only. It should not be considered legal or financial advice.”