Wage Earner Protection Program Act

Marginal note:Amount of payment

• 7 (1) The amount that may be paid under this Act to an eligible individual is the amount of wages owing to the individual that were earned in the six months immediately before the date of bankruptcy or the first day on which there was a receiver in relation to the former employer less any deductions applicable to the payment under a federal or provincial law.

• Marginal note:Maximum

  (2) The maximum amount that may be paid under this Act to an eligible individual in respect of any particular bankruptcy or receivership is the greater of

  • (a) $3,000, and

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

  less any deductions applicable under a federal or provincial law.

• 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.