Employee Purchase Program

Next Purchasing Windows:
November 1st to 18th, 2017 11:59PM
February 1st, to 16th 2018 11:59PM
May 1st, to 18th 2018 11:59PM
August 1st to 17th 2018 11:59PM



How to apply EPP

First-time 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. Repayment of the loan will be through payroll deductions over 52 consecutive pays.

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

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

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