payment

lady using a calculator and laptop

What is Overdraft Protection in Canada?

An overdraft happens when you don’t have sufficient funds in your bank account to cover a transaction. It is a protective service that enables a customer to pay off a transaction once the bank account is in overdraft. Some of the transactions covered by overdraft protection include: Overdraft protection aims to prevent declined transactions, non-sufficient …

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semi monthly

What is a Semi-Monthly Pay Period?

Semi-monthly pay is a popular payroll schedule used by many businesses in Canada. However, not many employees or employers understand how this pay schedule works. As a business entity or organization, you are required to set up a payroll system. This system provides a structure your financial institution will follow when sorting out employees’ payments. …

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