DocHub provides a smooth and user-friendly option to set name in your Severance Plan. Regardless of the characteristics and format of your document, DocHub has all it takes to make sure a quick and hassle-free editing experience. Unlike other tools, DocHub stands out for its outstanding robustness and user-friendliness.
DocHub is a web-driven solution allowing you to change your Severance Plan from the comfort of your browser without needing software installations. Owing to its easy drag and drop editor, the ability to set name in your Severance Plan is fast and easy. With multi-function integration options, DocHub allows you to transfer, export, and alter paperwork from your selected platform. Your completed document will be saved in the cloud so you can access it readily and keep it secure. You can also download it to your hard drive or share it with others with a few clicks. Also, you can transform your document into a template that stops you from repeating the same edits, such as the option to set name in your Severance Plan.
Your edited document will be available in the MY DOCS folder inside your DocHub account. Moreover, you can utilize our editor tab on right-hand side to merge, divide, and convert documents and reorganize pages within your forms.
DocHub simplifies your document workflow by providing an integrated solution!
[Music] hi im dave ertle employment lawyer at erdo lawyers in this video im going to answer the question how is severance pay taxed lets jump right in when youre terminated the money you get under the employment standards act is taxed in the normal way meaning you will pay provincial tax federal tax cpp contributions and ei contributions if your employer pays you additional severance and wishes to pay this out as salary continuation that will also be taxed in the normal way however if your employer pays you additional severance as a lump sum then its considered a retiring allowance this has nothing to do with retiring per se rather its just the name given to a lump sum payment now with a lump sum payment the employer deducts a fixed percentage depending on the amount of the lump sum and remits it to the government no other deductions are made what are those fixed rates well for lump sums that are up to and including five thousand dollars its ten percent for lump sums that are be