Employee Purchase Program

Next Purchasing Windows: February 1st, to 10th 2017 11:59PM - May 1st, to 12th 2017 11:59PM - August 1st to 18th 2017 11:59PM - November 1st to 18th, 2017 11:59PM

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General Guidelines

1. Any outstanding balance can be repaid any time.

2. On leaving the College’s employ or going on Long Term Disability, the outstanding balance is to be deducted from final pay or any other monies owing to the employee. Any remainder outstanding will be paid to the College by Certified Cheque before the last day of work.

3. On taking leave a leave of absence, on taking maternity leave or going on Worker’s Compensation the employee will submit a completed pre-authorized withdrawal form, consistent with the payment plan in place for the duration of the leave period.

4. In accordance with current tax laws, this plan constitutes an interest fee loan and imputed interest amount must be calculated by the College at Revenue Canada prescribed rate and declared as a taxable benefit on the employee’s T4 slip.

5. The purchase of computer equipment under this agreement is final and binding and that Dell Canada, not the College, is fully responsible for all warranties. The College assumes no responsibility for the performance or suitability of the equipment selected under this plan.

6. Repayment of the loan will be through payroll deductions over 52 consecutive pays.

7. The purchase limit is $5000 (including taxes) in any 24 month period.

8. The purchase can be for PERSONAL USE ONLY, not for any resale purposes.

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