Are you wondering what to pay your employees on Canada day, 2020? This year, Canada Day falls on July 2nd, which means the statutory holiday pay will do the same.
Premium statutory holiday pay, and statutory holiday eligibility will be observed on Wednesday July 1st 2020.
For eligible hourly employees (based on their provincial laws), are eligible for Canada Day stat holiday pay (also known as general holiday pay), which is calculated based on a province's specific rule.
Here's an example using the first and last day worked rule in Ontario:
His general holiday pay will be calculated as follows:
If he had worked July 1st 2019, he would receive a premium rate of 1.5x his regular rate.
In short, all this means is that hourly employee will be paid a premium rate on July 1st 2019, if they are eligible for general holiday pay.
Premium pay is not a small expense, especially for provinces that pay an average day's wage. Some businesses may purposely close on holidays and those in low traffic locations may close to save on labor costs!
Canada Day is the only holiday of the year that has the "Sunday" exception (if the holiday falls on a Sunday), and its rules can be a little tricky. Therefore, staying informed is the best way to be on top of compliance and labor standards!
Lucky for you, our team at Push Operations is always ahead of the ball for labour standards and compliance! Here's everything you need to know about stat holiday pay for the provinces below:
Have more questions about what to pay your employees for Canada day 2020? Check out this handy statutory holiday pay guide!
This document is provided by Push Technologies Inc. ("Push Operations") for information purposes only. This is not an official or legal document and should not be taken as legal advice. Push Operations does not guarantee or warrant the accuracy or completeness of the information provided. For the most accurate and up-to-date information, please check with the proper governing authority.