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Financial Services Law Analysis and Updates for the Canadian and Cross-Border Financial Community

Category Archives: Wage Earner Protection Program

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Third Party Benefit Providers Get Super Priority Secured Claim for Unpaid Remittances Owed by Employer

Posted in Bankruptcy, Priorities, Wage Earner Protection Program

Synopsis In the latest decision of the British Columbia Supreme Court (the “Court”) regarding the bankruptcy of Ted LeRoy Trucking Ltd. (“TLT”), the Court found that unpaid remittances owed by TLT to third party benefit providers constituted “wages” within the meaning of the Bankruptcy and Insolvency Act (“BIA). This entitled the benefit providers to super… Continue Reading

Canada’s Wage Earner Protection Program Act Amended

Posted in Wage Earner Protection Program

The Wage Earner Protection Program (the “Program”) is a government-sponsored program in Canada that provides the higher of $3000 or an amount equal to four times an eligible employee’s maximum weekly insurable earnings under the Employment Insurance Act (Canada) to compensate such employees for unpaid wages where those employees are owed wages and lose their… Continue Reading

Super-Priorities: Update Regarding”Wages” Under the Wage Earner Protection Program Act

Posted in Bankruptcy, Priorities, Wage Earner Protection Program

In May of 2010, we reported on the decision of the British Columbia Court of Appeal in Ted Leroy Trucking v. Century Services Inc. In that decision, the Court of Appeal upheld a decision of the B.C. Supreme Court which determined that employee “wages” recoverable under the Wage Earner Protection Program Act (Canada) ("WEPPA") include… Continue Reading

Super-Priorities: B.C. Court of Appeal Considers Scope of Wages under WEPPA

Posted in Bankruptcy, Priorities, Wage Earner Protection Program

In its recent decision in Ted Leroy Trucking v. Century Services Inc., the Court of Appeal for British Columbia upheld a decision of that province’s Supreme Court which determined that employee “wages” recoverable under the Wage Earner Protection Program Act (Canada) ("WEPPA") include components from an employee’s compensation package that are remitted by an employer to third… Continue Reading