What is a Statutory Holiday in Canada?

Discover what Canadians mean by 'Statutory Holiday' and which holidays are legally recognized in Canada.

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In Canada, a bank holiday is commonly referred to as a 'Statutory Holiday' or just 'Stat Holiday.' These are legal holidays established by the government during which banks and most businesses are generally closed. Examples include Canada Day, Labour Day, and Christmas Day. Understanding these terms helps facilitate smoother interactions in Canadian contexts.

FAQs & Answers

  1. What is the difference between a Statutory Holiday and a regular holiday in Canada? A Statutory Holiday is a legally recognized day off, while a regular holiday may not come with mandatory time off from work.
  2. What holidays are considered Stat Holidays in Canada? Common Stat Holidays include Canada Day, Labour Day, and Christmas Day.
  3. Are businesses closed on Statutory Holidays in Canada? Yes, banks and most businesses are generally closed on Statutory Holidays.
  4. Do all provinces in Canada observe the same Statutory Holidays? No, while some holidays are observed nationwide, specific Stat Holidays can vary by province.