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I work for a US company, however, I work remotely for them from my home here in Canada. I am Canadian, they pay me in Canadian and I pay my taxes including EI in CDN. They are based in Texas, however, in the US they have at-will employment which as you know means they can let you go at any time without a reason. Can you tell me if I am entitled to a severance should they decide to ever let me go? I'm 7.5 years working for them, and I am 50 years old. (not sure if that matters) but though it best to include in my question in case it did infact factor into things.

Because you live and work in Ontario, your rights are protected by Ontario law and would be entitled to a severance package.
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