Vacation Pay, how do they work ?
 

So I started at my work place on May 1st 2013 and my co-workers say that in order to get Vacation pay, you need to be with the company for a full year which is May 1st 2014.

I have acquired $1950 in Vacation as of now

Question here is: If I quit now (March 15th 2014), do I still get the $1950 or do I get $0 because I haven't been with the company for a full year ?

Hope someone can chime in on this

Thanks in advance !!

You answered your own question.

why not use your vacation now and then when you come back quit?

Off topic but how many vacation days you can carry over? Is it more of a company policy or does gov have some sort of restriction? I have over 60 days save up and I am not sure how many more days I can save or if I get pay out lol.

Ask your HR

Up to 70 hours can be carried over for provincial govnt employees
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use your vacation. the money you get might be taxed.

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for example if I dont take a Vacation, do I get the $ still or is it required in order to get a vacation pay ?

I am not sure if i can take my vacation now because I have not been with the company for a full year yet

i think this varies by company. ask your HR to be sure.

Government of B.C., Labour & Citizens' Services, Employment Standards Branch, Annual Vacation Factsheet

If you started in May 2013 and want to quit in March 2014, you can still get paid out for your vacation pay. It's up to HR if they allows you to book that time off or you quit on your own accord. Check your orientation book for clarification.

When you do receive your vacation pay, it still gets taxed like a paycheque (so do bonuses).


In the previous job I worked at, I was entitled to 3 weeks vacation pay so I spread out my 15 vacation days during the year so I can focus on school. After I used up my days, I quit my job. Then I received the remaining amount of vacation pay on a separate paycheque.


If you plan to quit soon, you should use up your benefits if you're entitled to them.

If I were to quit in April, would I have to apply to get my vacation pay or will they give it to me automatically?

I am working for a reputable company right now so there shouldnt be anything shady with them regarding the vacation pay

If you quit in April, they will pay out your vacation pay. It should come in with your last paycheque..

The company is required to pay you the 4% vacation pay by law, regardless if you worked only a week. After one year of work, the company legally has to allow you to take two weeks off the following year, with at least one week continuous.

After 5 years you get three weeks and 6% of your salary.

Some companies will pay vacation pay weekly - so you have to save it.

Absolutely correct. There is a distinction between vacation pay earned (which is minimum 4% of every dollar earned from day 1) and the ability to take time off of work (which is often in your contract, not until after the first year, etc.) If you quit or are fired, with or without cause, you are definitely entitled to every bit of accrued vacation pay.

Cheers