ONTARIO SUPERIOR COURT OF JUSTICE CERTIFIES CLASS ACTION LAWSUIT AGAINST RBC DOMINION SECURITIES FOR CLAIMED VACATION AND HOLIDAY PAY COMPENSATION VIOLATIONS
The lawsuit alleges that RBC Dominion Securities violated various provincial employment standards acts by failing to pay vacation and public holiday pay to employees who were compensated in part or whole by commissions, such as investment advisors, associates and assistants.
- The lawsuit alleges that RBC Dominion Securities violated various provincial employment standards acts by failing to pay vacation and public holiday pay to employees who were compensated in part or whole by commissions, such as investment advisors, associates and assistants.
- The class action alleges that the commissioned investment advisors and their associates and assistants were improperly underpaid when the company failed to pay additional vacation and statutory holiday pay on top of their commissions or variable income.
- Under the relevant provincial legislation, employers are obligated to pay vacation and public holiday pay on all wages earned, including variable income such as commissions.
- RBC DS resisted the request to certify the case as a class action and, in that context, asserted that it has paid all vacation and holiday pay owing on commission income.