Re: Tim Timothy Sr

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 <irin.eva@thekey.com> 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’t deduct Canada
> 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 please
>> clarify what happened?
>>
>> Kind regards,
>> *Shameema Cadersaibe*
>> Human Resources Manager - Canada
>> Email: shameema.cadersaibe@thekey.com
>> TheKey.com <https://www.thekey.com/>
>> [image: TheKey] <https://homecareassistance.com/>
>>
>>
>
> --
>
> Irin Nahar Eva, PCP
>
> Payroll Specialist
>
> *647-932-6409 *ext. 23900051
>
> irin.eva@thekey.com
>
> [image: See the source image]
>