Wage Earner Protection Program Act

Marginal note:Amount of payment

• 7 (1) The amount that may be paid under this Act to an individual is the amount owing to the individual for wages earned during the six months immediately before the date of the bankruptcy or the first day on which there was a receiver in relation to the former employer, as the case may be, less any amount prescribed by regulation. In the case of a former employer who is both bankrupt and subject to a receivership, the amount owing is the greater of the amount determined in respect of the bankruptcy and the amount determined in respect of the receivership.

• Marginal note:Maximum

  (2) The maximum amount that may be paid to an individual is the greater of the following amounts, less any amount prescribed by regulation:

  • (a) $3,000, and

  • (b) an amount equal to four times the maximum weekly insurable earnings under the Employment Insurance Act.

• Marginal note:Allocation of payments

  (3) Unless otherwise prescribed by regulation, payments made under this Act to an individual are to be allocated to vacation pay only after payments are first allocated to all other components of wages owing to the individual.