The conversation between human and AI assistant.
Canada I get 10% vacation pay in lump sum once a year and it gets taxed 50% so say it was 8000 I get 4000? Is this right?
That's what I thought. Is this the same for everyone in Canada?
The amount of vacation pay and the tax rate can vary depending on your employer and other factors. However, the basic concept of paying taxes on your vacation pay is the same for everyone in Canada.