Leap Tools is a Canadian technology company headquartered in Toronto, Ontario.

Founded in 2016, the company develops visualization and configuration software for the home improvement and interior design industries. Its flagship product, Roomvo, allows retailers and manufacturers to offer customers augmented reality tools to visualize flooring, tile, countertops, and other products in their own spaces. Leap Tools serves clients across North America and globally.

Leap Tools employs roughly 200 professionals in roles such as software developers, UX designers, data scientists, sales representatives, and customer success specialists.

Severance pay for Leap Tools employees

In Canada, non-unionized employees at Leap Tools are entitled to up to 24 months of severance pay when laid off or terminated without cause—whether full-time, part-time, or hourly.

Want a quick overview on severance pay? Watch the video below or check out the full episode in our TV section.

Key Facts

• Severance pay is calculated using a variety of factors, such as age, position, length of service, and ability to find similar work. Learn more about severance pay in Ontario, Alberta, and British Columbia.
• Severance packages should include salary, bonuses, commissions, and other compensation earned during employment.
• Employees generally have up to two years from the date of their termination to pursue full severance pay.

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