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 of eligible wages owing to the individual up to a maximum of 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:Bankruptcy and receivership

  (2) If the former employer is both bankrupt and subject to a receivership, the amount that may be paid is the greater of the amount determined in respect of the bankruptcy and the amount determined in respect of the receivership.