--000000000000b5d80c05f3909ae0 Content-Type: multipart/alternative; boundary="000000000000b5d80b05f3909adf" --000000000000b5d80b05f3909adf Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Irin, It is not a lump-sum payment which is why it is mentioned in his agreement that it will differ over 6 months. I have copied Timothy Thomas on this email for information. *@ Germaine* - Can we please set some time to discuss how we can fix this as we did not respect the agreement. We need payroll review process in place before submission Kind regards, Shameema Cadersaibe On Tue, Jan 31, 2023 at 6:45 AM Irin Eva wrote: > Good afternoon Shameema, > > As per his agreement his totals 6 months severance pay - $40,869.46 > (Gross) > > Employees must pay income tax on severance pay. > > How much tax will be deducted depends in part on how the employer pays on > severance pay. For example, it may pay less tax if an employee gets a *sa= lary > continuance* instead of as a* lump-sum payment (totals together).* > > The amount of tax depends on the province or territory employee's live in > and the total amount of severance pay. Employers won=E2=80=99t deduct Can= ada > Pension Plan (CPP) contributions, Quebec Pension Plan (QPP) contributions > and EI premiums. > > Also, I have attached his pay statements and agreements. > > [image: image.png] > > Pls let me know if you have any questions. > > Thanks, > Irin > > On Tue, Jan 31, 2023 at 9:16 AM Shameema Cadersaibe shameema.cadersaibe@thekey.com> wrote: > >> Good morning Irin, >> >> I received an email from Tim mentioning that he got 35k in his bank >> account. >> His severance agreement stated to be paid over 6 months. Could you pleas= e >> clarify what happened? >> >> Kind regards, >> *Shameema Cadersaibe* >> Human Resources Manager - Canada >> Email: shameema.cadersaibe@thekey.com >> TheKey.com >> [image: TheKey] >> >> > > -- > > Irin Nahar Eva, PCP > > Payroll Specialist > > *647-932-6409 *ext. 23900051 > > irin.eva@thekey.com > > [image: See the source image] > --000000000000b5d80b05f3909adf Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Irin, It is not a lump-sum=C2=A0= payment which is why it is=C2=A0mentioned in his agreement that it will dif= fer over 6 months. I have copied Timothy Thomas on this email for informati= on. @ Germaine - Can we please set some time to discuss how we can fix this as we did n= ot respect the agreement. We need payroll review process in place before su= bmission Kind regards, Shameema Cade= rsaibe On Tue, Jan 31, 2023 at 6:45 AM I= rin Eva < irin.e= va@thekey.com > wrote: Good afternoon Shameema, As per his agreement his totals 6 months severance=C2=A0pay=C2=A0 - $40,= 869.46 (Gross) Employees must pay income tax on se= verance pay. How much tax will be deducted depends in part on how th= e employer pays on severance pay. For example, it may pay less tax if an em= ployee gets a salary continuance in