Industry committee  We've been talking about pension deficits. I would like to say that Bill C-501 covers severance and termination super-priority as well. That will impact every single employer across the country negatively. You heard from the CBA, who said that the availability of credit for small

Industry committee  I think we would distinguish the special payments that are in arrears, that are designed to make up the shortfall that exists in the pension. To the extent that those payments that are required to be made under the relevant statutes are in arrears, we see no reason why those shou

Industry committee  To conclude, we feel it is important to ensure that the laws limit the impact on employees and former employees of financial difficulties sustained by their employers. However, in attempting to protect employee and former employees' rights, it is important that we do not compound

Industry committee  Good morning, Mr. Chairman and distinguished members of the committee. My name is John McKenna, and with me today is Jean-Daniel Breton, appearing on behalf of the Canadian Association of Insolvency and Restructuring Professionals, known by the acronym CAIRP in English, or ACPIR

Industry committee  Essentially, Bill C-501 deals with three areas, all related to employee protection. Due to time constraints, we will not deal today with the third area, which relates to a change to the Canada Business Corporations Act to facilitate the processing of claims against directors. R