moved for leave to introduce Bill C-237, an Act to amend the Bankruptcy Act (priority of claims).
Mr. Speaker, as we all know, the fruits of our labours are sacred. Unfortunately, when a business goes bankrupt, wages are added to other debts and given no special status, which means that in the event of a bankruptcy, employees are deprived of what is owed them.
The purpose of this bill is to change the priority of claims when an employer goes bankrupt, so that payment of an employee's wages and pension fund, up to a total of $9,000, takes priority over all other claims.
(Motions deemed adopted, bill read the first time and printed.)