Mr. Speaker, we sympathize with those who have lost their jobs through no fault of their own. EI is made available to eligible individuals in a timely manner because of the amount of time that it takes to finalize bankruptcy proceedings. Individuals are made aware that any severance that they receive in a bankruptcy process will be considered earnings and, therefore, could be deducted from their EI.
In the House of Commons on March 27th, 2013. See this statement in context.