In Canada, the amount of vacation pay is equal to <u>2%</u> of the employee's pay for the preceding year per week of vacation.
Explanation:
In addition to that, within a company we can divide employees into two groups:
Those who worked for the company for less than five consecutive years: these employees get 4% of their payment of the year of employment towards vacation pay. Also, they are entitled to two weeks of vacation per year.
Those who worked for more than five consecutive years in the company: these employees get 6% of their payment of the year of employment towards vacation pay. Also, they are entitled to three weeks of vacation per year.
