Employee Purchase Program

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Feb 1st to 18th
May 1st to 18th
Aug 1st to 18th
Nov 1st to 18th

First-time user

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How to apply EPP

Return user

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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. You must be a permanent full-time college staff with more than 12 consecutive months of employment to qualify for this program.

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

7. Minimum purchase must over $500 per order and maximum limit is $5000 (including taxes) in any 24 month period.

8. PERSONAL USE ONLY, but not for any resale purposes.

9. Administration Fee of $150 plus tax is automatically added to your loan application on EPP Premium Plan only

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