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Tag: severance package

Can you save tax by putting severance into a corporation? – MoneySense

January 19, 2026January 23, 2026 · Finance

How is a lump-sum severance taxed? When you lose your job and receive severance, it may be paid as a lump sum payment. It is generally a certain…

Read more Can you save tax by putting severance into a corporation? – MoneySense

What to do when you get laid off – MoneySense

October 14, 2025October 15, 2025 · Finance

Statutory vs. common-law severance In every province and territory, there are statutory minimum payments that you are entitled to receive as an employee whose employment is terminated. This…

Read more What to do when you get laid off – MoneySense
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