2020 Holiday Payroll Deadlines
Updated 7 months ago
FAQ:
Q: What Happens if my company's scheduled payroll is supposed to occur on a Holiday?
A: If your regular payroll is scheduled to take place on a bank holiday, the paydate will be moved to one business day earlier.
Example #1 If your employees are supposed to be paid on Friday, January 1st, 2021, they will receive their payment on Thursday, December 31st instead.
Example #2 If employees are supposed to receive payment on Monday, December 28th, 2020 they will receive their payment on Thursday, December 24th instead since Friday, December 25th is also a bank holiday.
Q: How do I know if my company has 2, 3 or 4-day payroll funding?
A: If Your company’s payday is on Friday and your payroll deadline is on a Monday, then your Company has 4-day funding. If Your company’s payday is on Friday and your payroll deadline is on a Tuesday, then your Company has 3-day funding. If Your company’s payday is on Friday and your payroll deadline is on a Wednesday, then your Company has 2-day funding.
December 25th, 2020 - Christmas Day
Pay Day | Deadline to Confirm Payroll (Companies with 4-day funding) | Deadline to confirm Payroll (Companies with 3-day funding) | Deadline to Confirm Payroll (Companies with 2-day funding) |
December 24th | December 18th | December 21st | December 22nd |
December 29th | December 21st | December 22nd | December 23rd |
December 30th | December 22nd | December 23rd | December 24th |
December 31st | December 23rd | December 24th | December 29th |
December 28th, 2020 - Boxing Day STAT Holiday
Pay Day | Deadline to Confirm Payroll (Companies with 4-day funding) | Deadline to confirm Payroll (Companies with 3-day funding) | Deadline to Confirm Payroll (Companies with 2-day funding) |
December 29th | December 21st | December 22nd | December 23rd |
December 30th | December 22nd | December 23rd | December 24th |
December 31st | December 23rd | December 24th | December 29th |
January 4th | December 24th | December 29th | December 30th |
January 5th | December 29th | December 30th | December 31st |
January 1st, 2021 - New Years Day
Pay Day | Deadline to Confirm Payroll (Companies with 4-day funding) | Deadline to confirm Payroll (Companies with 3-day funding) | Deadline to Confirm Payroll (Companies with 2-day funding) |
January 4th | December 28th | December 29th | December 30th |
January 5th | December 29th | December 30th | December 31st |
January 6th | December 30th | December 31st | January 4th |
January 7th | December 31st | January 4th | January 5th |
