Fact Sheet: Severance Pay

Paying income tax when you get severance pay as a salary In some cases, you'll get your severance pay as a salary continuance This means your

A severance package is pay and benefits that employees may be entitled to receive when they leave employment at a company unwillfully In addition to their

perseverance contract in case of severance payment, and not less than 7 days before the expiry of the fixed term contract in case of long service payment, the employer

codapay Favorable severance agreements offer one month's worth of salary for every year of tenure with the company; while more frugal packages provide