Wage Earner Protection Program Coming into Force

As announced by the Minister of Labour on July 7, 2008, the Wage Earner Protection Program Act (WEPPA) and regulations thereunder have come into force. Please note that an Order-in-Council was also signed by the Governor-General-in-Council bringing into force certain sections of the Bankruptcy and Insolvency Act (BIA) on July 7, 2008. The provisions reduce the student loan discharge period and the period before which an application can be made to court for discharge on the basis of hardship, provide protection of Registered Retirement Savings Plans (RRSPs) and bring into force provisions regarding International Interests in Mobile Equipment (Aircraft Equipment). The regulations supporting the WEPPA and these BIA changes also came into force on July 7, 2008. The final regulations will be published in the Canada Gazette, Part II, on July 23, 2008.

If you have any questions related to the WEPP, please call the dedicated WEPP information service. Toll-Free: 1-866-683-6516 TTY: 1-800-926-9105