The Gap Year Podcast
Michelle spoke with John Cuddie, a retired HR professional with deep experience in school boards, about deferred salary leave plans — a structured way to save for a year off work. John shared how he used the program twice, what he did during his leaves, and why intentional pauses can be personally and professionally valuable. About John * Spent 30+ years in HR with three school boards * Later worked as an employment advisor helping new immigrants and youth * Approves deferred salary leave plans as part of his HR background * Took two deferred salary leaves himself What Is a Deferred Salary Leave? * A leave of absence funded by saving part of your salary in advance * Common structure: “four over five” * Work 4 years at 80% pay * 20% goes into a trust account * Take the 5th year off using those savings * Often includes pension/benefit considerations and a contractual return-to-work agreement What John Did on His Leaves First Leave * Home projects: painting, purging, tidying * Family travel to India and Dubai * Trips with kids to Broadway/New York and a ski holiday Second Leave * More household and personal tasks * Significant time supporting a close friend going through cancer treatment * Some travel as well Main Takeaways * A year off can be invigorating * It can also be humbling — work continues without you * Time away helps people see they are not their job * It creates balance and makes room for other forms of contribution What Holds People Back * Financial concerns about living on reduced salary * Uncertainty about what the future may hold over a 4–5 year planning period * Family changes, life changes, and possible cancellation of plans Planning Considerations * Budget carefully * Think through staffing and who will cover your role * Consider family and partner dynamics * Balance practical tasks with rest, fun, travel, and connection * Use the time to invest in what matters most Practical Advice/Next Steps for you * Start by talking to your employer or boss * Ask your payroll department about the details * Review CRA guidance on tax implications * Be ready to discuss staffing and return-to-work planning Connect With The Canadian Gap Year Association * Find more resources at the Can Gap website https://www.cangap.ca/ [https://www.cangap.ca/] * Follow on Instagram http://www.instagram.com/cangapassociation/ [http://www.instagram.com/cangapassociation/] * Follow on Facebook https://www.facebook.com/ucangap [https://www.facebook.com/ucangap] * Follow on Twitter https://twitter.com/ucangap [https://twitter.com/ucangap/status/276178230694772736] * Follow on YouTube https://www.youtube.com/channel/UCuBit8gLXEOxaBggoGmykjQ [https://www.youtube.com/channel/UCuBit8gLXEOxaBggoGmykjQ]
100 episodios
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