
What employees should know about year-end bonuses
Employees don’t have a statutory right to a year-end bonus – payment depends on contract, collective agreement, policy, or binding past practice.

Employees don’t have a statutory right to a year-end bonus – payment depends on contract, collective agreement, policy, or binding past practice.

Instead of treating a year-end bonus as disposable income, incorporate it into your financial planning by focusing on debt repayment, savings, or long-term investments such as further education.