Wave Payroll: 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 7th:
If the payroll was approved before 3pm on Tuesday, September 1st, employee funds would deposit on Friday, September 4th.
If it was processed after 3pm on Tuesday September 1st, employee funds would deposit on Tuesday, September 8th.
2020 Bank Holidays in Canada
Alberta
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Family Day |
Monday, February 17th |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
British Columbia
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Family Day |
Monday, February 17th |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
B.C. Day |
Monday, August 3rd |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Manitoba
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Louis Riel Day |
Monday, February 17th |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
New Brunswick
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Family Day |
Monday, February 17th |
Good Friday |
Friday, April 10th |
Canada Day (Observed) |
Wednesday, July 1st |
New Brunswick Day |
Monday, August 3rd |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Newfoundland and Labrador
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Northwest Territories
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
National Aboriginal Day |
Thursday, June 21st |
Canada Day (Observed) |
Wednesday, July 1st |
First Monday in August |
Monday, August 6th |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Nova Scotia
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Nunavut
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
First Monday in August |
Monday, August 6th |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Ontario
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Prince Edward Island
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Canada Day (Observed) |
Wednesday, July 1st |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Saskatchewan
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
Saskatchewan Day |
Monday, August 6th |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
Yukon
Holiday |
Date |
New Year's Day |
Wednesday, January 1st |
Good Friday |
Friday, April 10th |
Victoria Day |
Monday, May 18th |
Canada Day (Observed) |
Wednesday, July 1st |
Discovery Day |
Monday, August 20th |
Labour Day |
Monday, September 7th |
Thanksgiving Day |
Monday, October 12th |
Remembrance Day (Observed) |
Wednesday, November 11th |
Christmas Day |
Friday, December 25th |
Boxing Day |
Monday, December 28th |
2020 Bank Holidays in the US
Holiday |
Date |
Memorial Day |
Monday, May 25th |
Independence Day |
Friday, July 3rd |
Labor Day |
Monday, September 7th |
Columbus Day |
Monday, October 12th |
Veterans Day (Observed) |
Wednesday, November 11th |
Thanksgiving Day |
Thursday, November 26th |
Christmas Day |
Friday, December 25th |