2020 Holiday Payroll Deadlines

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


How Did We Do?


Powered by HelpDocs (opens in a new tab)