--00000000000077fe7e05f390ac3a Content-Type: multipart/alternative; boundary="00000000000077fe7d05f390ac39" --00000000000077fe7d05f390ac39 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable 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 wrote: > Hi Irin, > > It is not a lump-sum payment which is why it is mentioned in his agreemen= t > 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 o= n >> severance pay. For example, it may pay less tax if an employee gets a *s= alary >> continuance* instead of as a* lump-sum payment (totals together).* >> >> The amount of tax depends on the province or territory employee's live i= n >> and the total amount of severance pay. Employers won=E2=80=99t deduct Ca= nada >> Pension Plan (CPP) contributions, Quebec Pension Plan (QPP) contribution= s >> 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] >> > --=20 Irin Nahar Eva, PCP Payroll Specialist *647-932-6409 *ext. 23900051 irin.eva@thekey.com [image: See the source image] --00000000000077fe7d05f390ac39 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi=C2=A0Shameema, Lump-sum payment = means paid in one short total amts. It doesn't matter its=C2=A0said lum= p-sum payment or totals . It's the same like total amts and=C2=A0lump-s= um payment.=C2=A0 Thanks, Irin = = On Tue, Jan 31, 2023 at 10:01 AM Shameema Cadersaibe < shameema.cadersaibe@thekey.com > wrot= e: Hi Irin, It is not