WHAT HAPPENS IF I RECEIVE A PAY EQUITY LUMP SUM PAYMENT?
I am in bankruptcy at the moment and I have just received back pay ( a Pay Equity Lump Sum Payment) from my employer for the sum of about $2,000.
Am I entitled to keep 50% of the cheque as a surplus of income or is the monies considered to be a windfall?
Posted from: British Columbia
You should check with your trustee but It likely will be considered income as it is related to your employment and as a result you will get to keep approx. 50% of it as per the Superintendent Guideline.