--000000000000e2cd7f05f390d390 Content-Type: multipart/alternative; boundary="000000000000e2cd7d05f390d38f" --000000000000e2cd7d05f390d38f Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thanks Germaine! Kind regards, Shameema Cadersaibe On Tue, Jan 31, 2023 at 7:13 AM Germaine Daniels wrote: > Hi Irin and Shameema, > > I will schedule some time today so we can further discuss. Tim Sr., pease > bear with us until we sort this out. We will follow up with the next step= s > as quickly as possible. > > Regards, > > On Tue, Jan 31, 2023 at 7:06 AM Irin Eva wrote: > >> Hi Shameema, >> >> Lump-sum payment means paid in one short total amts. It doesn't matter >> its said lump-sum payment or totals . It's the same like total amts >> and lump-sum payment. >> >> Thanks, >> Irin >> >> On Tue, Jan 31, 2023 at 10:01 AM Shameema Cadersaibe > shameema.cadersaibe@thekey.com> wrote: >> >>> 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 Thom= as >>> 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 proces= s 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 *salary >>>> 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 dedu= ct Canada >>>> Pension Plan (CPP) contributions, Quebec Pension Plan (QPP) contributi= ons >>>> 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 >>>>> please 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] >>>