Vacation Pay
Vacation Pay explained in plain English for employees comparing final pay, notice, payment in lieu, vacation, and severance terms.
Vacation pay
Money connected to paid vacation, commonly used in Canada and some other jurisdictions. It can be percentage-based and may require wage records.
What it is not: It is not always the same as a simple unused-day calculation, and it is separate from termination pay or severance pay.
Example: Ontario vacation pay may require looking at gross wages in the vacation entitlement year rather than only monthly salary.
Related terms
Compare Vacation pay with annual leave encashment, termination pay so you do not combine separate final pay concepts in one estimate.
Start the calculator
Enter only the details needed for a worksheet estimate. The result restores from URL query parameters and does not store salary data in local storage.
Open calculator