--000000000000998532060904dcc7 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Timothy I hope you are well! You are not alone. This question has come up for different Sites and we are going to research this. I will let you know when we have more information. Is it only Toronto for you? Thanks, *Diego Castaneda* Head of FP&A On Tue, Oct 31, 2023 at 10:25=E2=80=AFAM Dilly Duolikun wrote: > > > ---------- Forwarded message --------- > From: Timothy Thomas > Date: Tue, Oct 31, 2023 at 10:22=E2=80=AFAM > Subject: Caregiver Margin - Canada > To: Dilly Duolikun > > > Hi Dilly, > > Chen has asked me to dive into the discrepancy between our clearcare gros= s > profit reports vs the P&L caregiver margin. > > For example in clearcare Toronto is showing a 50% gross profit margin wit= h > a payroll cost of $325k while the P&L is at 43.3% (which includes > additional costs such as OT and statutory pay) with a payroll cost of 352= k. > Where is this additional 27k coming from? > > I know that we pay all caregivers in Canada a 4% vacation pay allocation > on each payroll run, instead of accruing it. So this could account for so= me. > > Please let me know what you think, > Thanks > > -- > Tim Thomas > Head of Canada Division > *Please note my email has changed:* > tt@TheKey.com > (514) 591-9387 > TheKey.ca > [image: TheKey] > --000000000000998532060904dcc7 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Timothy I hope you are well! You are not alone. This question has come up for different Sites and we = are going to research=C2=A0this. I will let you know when we have more info= rmation. Is it only Toronto for you? Thanks, Diego Castaneda Head of FP&A = On Tue, Oct 31, 2023 at 10:25=E2=80=AFAM Dill= y Duolikun < dilinigeer= .duolikun@thekey.com > wrote: ---------- Forwarded message --------- From: Timothy Thomas < tt@thekey.com > Date: Tue, Oct 31, 2023 at 10:22=E2=80= =AFAM Subject: Caregiver Margin - Canada To: Dilly Duolikun < dilinigeer.d= uolikun@thekey.com > Hi Dilly, = Chen has asked me to dive into the discrepancy=C2=A0between = our clearcare gross profit reports vs the P&L caregiver margin. For example in clearcare Toronto is showing a 50% gross p= rofit margin with a payroll cost of $325k while the P&L is at 43.3% (wh= ich includes additional costs such as OT and statutory pay) with a payroll = cost of 352k. Where is this additional=C2=A027k coming from? = I know that we pay all caregivers in Canada a 4% vacation pay al= location on each payroll run, instead of accruing it. So this could account= for some. Please let me know what you think, Thanks -- Tim Thomas Head of Canada Division = <td