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What is severance pay?
If you’ve recently lost your job in Ontario, you may be wondering whether you’re entitled to severance pay. While many people assume severance is automatic, it’s important to understand that severance pay is not the same as termination pay. Under Ontario’s Employment Standards Act (ESA), severance pay is a separate and additional payment that only applies to certain employees in specific situations. Here’s what you need to know about whether you qualify, how it’s calculated,
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