Payroll by Wave: Bank holiday direct deposit timelines (
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Holiday bank closures will impact timelines for your employees to receive direct deposit. Below, we’ve listed the dates that banks will be closed in Canada and the United States so you can plan ahead.
Why can’t my employees get paid on holidays?
Wave can only facilitate movement between your bank account and your employees' bank accounts on business days. The direct deposit process normally takes four business days, but any holidays in the interim will extend that timeline. Since the holidays below are not considered business days, instructions sent to your bank and your employees' banks will not be posted until the banks have re-opened.
As an example of how this would affect you, let's say you were expecting your employee's pay to be deposited on Labour Day, which falls on Monday, September 3rd:
If the transaction was processed before 5pm on Thursday, August 30th, it would deposit on Tuesday, September 4th.
If it was processed before 5pm on Friday, August 31st, it would deposit on Wednesday, September 5th.
2018 Bank Holidays in Canada
Alberta
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Boxing Day |
Wednesday, December 26th |
British Colombia
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
B.C. Day |
Monday, August 6th |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Manitoba
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Christmas Day |
Tuesday, December 25th |
New Brunswick
Holiday |
Date |
Good Friday |
Friday, March 30th |
Canada Day (Observed) |
Monday, July 2nd |
New Brunswick Day |
Monday, August 6th |
Labour Day |
Monday, September 3rd |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Newfoundland and Labrador
Holiday |
Date |
Good Friday |
Friday, March 30th |
Memorial Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Northwest Territories
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
National Aboriginal Day |
Thursday, June 21st |
Canada Day (Observed) |
Monday, July 2nd |
First Monday in August |
Monday, August 6th |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Nova Scotia
Holiday |
Date |
Good Friday |
Friday, March 30th |
Canada Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Christmas Day |
Tuesday, December 25th |
Nunavut
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
First Monday in August |
Monday, August 6th |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Ontario
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Boxing Day |
Wednesday, December 26th |
Prince Edward Island
Holiday |
Date |
Good Friday |
Friday, March 30th |
Canada Day (Observed) |
Monday, July 2nd |
Labour Day |
Monday, September 3rd |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Saskatchewan
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
Saskatchewan Day |
Monday, August 6th |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
Yukon
Holiday |
Date |
Good Friday |
Friday, March 30th |
Victoria Day |
Monday, May 21st |
Canada Day (Observed) |
Monday, July 2nd |
Discovery Day |
Monday, August 20th |
Labour Day |
Monday, September 3rd |
Thanksgiving Day |
Monday, October 8th |
Remembrance Day (Observed) |
Monday, November 12th |
Christmas Day |
Tuesday, December 25th |
2018 Bank Holidays in the US
Holiday |
Date |
Memorial Day |
Monday, May 28th |
Independence Day |
Wednesday, July 4th |
Labor Day |
Monday, September 3rd |
Columbus Day |
Monday, October 8th |
Veterans Day (Observed) |
Monday, November 12th |
Thanksgiving Day |
Thursday, November 22nd |
Christmas Day |
Tuesday, December 25th |