Qualifying for severance pay

An employee qualifies for severance pay if their employment is severed and they:

have worked for the employer for five or more years (including all the time spent by the employee in employment with the employer, whether continuous or not and whether active or not)

and

their employer:

has a payroll in Ontario of at least $2.5 million;

or

severed the employment of 50 or more employees in a six-month period because all or part of the business permanently closed.