Tag Archives: banked overtime

Insurable Hours for Time Not Worked

It might seem odd, that while the primary requirement for EI insurable earnings is that they be paid to employees, by contrast insurable hours aren’t always hours actually worked. A good example of this is banked overtime, taken subsequently as … Continue reading

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Overtime options: averaging and banking

The normal rule is that when employees work overtime, employers have to pay that out in the same pay period as worked. However, in some jurisdictions, there may be other options. Two options that are sometimes available are averaging and … Continue reading

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Banked Overtime – When must source deductions be taken?

Banked overtime is a common payroll practice. When overtime is banked, the issues that arise usually deal with whether dollars or time are banked, how long overtime may be kept in the bank and the rate at which banked overtime … Continue reading

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Substituting Another Day for a Stat Holiday

Statutory holidays aren’t always celebrated on the calendar day that normally defines the holiday. For example, Christmas is always December 25th, but if that day is a Saturday or Sunday, general practice is to shift the employment standards entitlements to … Continue reading

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