Perhaps a party ends a school occasion (7,3)

I believe the answer is:

parents day

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'a school occasion' is the definition.
I don't know anything about this answer so I cannot tell whether this works.

'perhaps a party ends' is the wordplay.
'perhaps' is an anagram indicator.
'a'+'party'+'ends'='apartyends'
'apartyends' anagrammed gives 'PARENTS DAY'.

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I've seen this clue in The Globe and Mail.

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