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Selling Your Business? What to Know About Severance and Termination Pay

  • Termination
What to Know About Severance and Termination Pay
Olivia Cicchini

Olivia Cicchini, Employment Relations Expert

(Last updated )

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  1. What is the difference between severance pay and termination pay?
  2. When are employers required to pay severance under Canadian law?
  3. How much severance pay do I need to pay employees?
  1. Do I have to give notice to my employees if I am selling or closing my business?
  2. What other obligations do I have as an employer when it comes to paying severance?
  3. Do you need assistance knowing your legal obligations and paying severance to employees?

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