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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

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One Response to “WHAT HAPPENS IF I RECEIVE A PAY EQUITY LUMP SUM PAYMENT?”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

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.