A lot of Canadian businesses do because unused vacation banks are a personal liability of corporate directors (they’re treated as unpaid wages).
While individuals could ask for their vacation time to just be paid out, a lot of employers don’t like that because they budgeted to pay you 100% of your salary per year, not 104% or 106% (ie: paying you for both 52 weeks of work plus whatever weeks of holiday per 52 weeks).
While individuals could ask for their vacation time to just be paid out, a lot of employers don’t like that because they budgeted to pay you 100% of your salary per year, not 104% or 106% (ie: paying you for both 52 weeks of work plus whatever weeks of holiday per 52 weeks).