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Resources / Termination Checklist
Please select the action items required for a termination of employment in your organization to create a customized checklist.
ItemAction to be takenSelect Final pay periodAvoid overpayments of salary and ensure correct insurable hours and dollars Vacation payUnused vacation balance of ______ days paid out: $_________ Vacation accrual paid out: $_________ Overtime/banked hoursUnpaid overtime paid out: $_________ Banked sick daysRefer to company policy CommissionsRefer to company policy Advances/drawsRefer to company policy Call-in PayEnsure day of termination is not included as part of payment in lieu of notice Legislated payment in lieu of notice (if insufficient working notice provided)Calculate and determine if vacation must accrue and if pensions/benefits must be maintained Ensure CPP, EI, QPIP, and income taxes are calculated (no QPP) Severance Pay/ Retiring AllowanceCalculate, determine eligible and non-eligible portions Calculated income tax using lump-sum rates Salary ContinuanceCalculate and determine if vacation must accrue and ensure pensions/benefits are maintained Calculate C/QPP, EI, QPIP and income taxes RRSP/RPP TransfersAsk if employee would like to transfer any portion of final payment to an RRSP, RPP or DPSP (see CPA’s sample Retiring Allowance Transfer Form) Legal orders to pay/garnishmentsAdvise courts if employee had any Requirements to Pay, Family Maintenance or other garnishments. Verify order for requirements upon termination ExpenseAdvise employee of options Written permission to deduct any advances from last pay Record of EmploymentPrepare accurately and within legislated time frame Other