(1) Amounts owed by employers to employees by reason of nonpayment of wages shall constitute priority debts of the first degree and shall have prior claim over all other debts in respect of the property of the employer including, income tax under the Income Tax Act.
(2) In the event of non-fraudulent bankruptcy, judicial liquidation or voluntary liquidation of the employer, the debts mentioned in subsection (1) shall be entered as a priority debt.
(3) For purposes of this section, “wages” include remuneration.