202302 Oct

Adjusting Payroll Schedules for October’s Statutory Holidays - Blog


However, as with any stat holiday, adjustments in payroll processing due to bank closures can prove a headache to business owners. Here’s what you need to know: This day marks a vital step towards acknowledging and understanding the history and ongoing impacts of the residential school system on Indigenous Peoples. Recognized by Payments Canada, the holiday affects the movement of money, necessitating changes in payroll processing schedules. • Adjust your payroll processing dates accordingly, typically one full business day earlier than your regular schedule. This free tool is the first in Canada and simplifies the calculation process — ensuring compliance with the employment standards of your province or territory.

Source: Paymentevolution