Statutory Severance Pay Calculator
Calculate your statutory end-of-service gratuity, redundancy pay, or severance based on service tenure and last drawn basic salary.
Canada Statutory Calculator
Employment Service & Salary
Estimated Statutory Severance Pay
EligibleCalculated based on 60 months of service
Calculation Breakdown
Summary in CAD
| Component | Amount | Share |
|---|---|---|
Last Drawn Monthly Basic Salary | C$5,500.00 | Salary Basis |
Completed Service Duration | 5 yrs, 0 mos | 60 months |
Statutory Eligibility Status | Eligible | Eligible under Canada Labour Code (requires at least 12 consecutive months of employment). |
Estimated Statutory Severance Pay | C$2,538.07 | Severance = 2 Days Pay × 5 Years = C$2,538 |
Frequently Asked Questions: Severance Pay
Details on statutory criteria, tax exemptions, and payout formulas.
Severance = 2 Days Pay × 5 Years = C$2,538
Explore More Free Financial Tools
Free, browser-based salary and tax calculators with no sign-up required.
Salary Calculator
Detailed salary breakdown including basic, allowances, deductions, and annual pay.
Income Tax Calculator
Calculate progressive income tax under official statutory tax brackets.
Take-Home Salary Calculator
See your exact in-hand salary after retirement, tax, and company deductions.
Want to Manage Your Complete Financial Life?
Track your income, expenses, budgets, recurring bills and savings goals with Saviora — all in one secure platform.