A-13.2.1 - Act respecting assistance and compensation for victims of crime

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64. For the year 1993, the amount of the Maximum Yearly Insurable Earnings is $46,500.
For the year 1994 and each subsequent year, the amount of the Maximum Yearly Insurable Earnings is obtained by multiplying the Maximum for the year 1993 by the ratio between the sum of the average of weekly salaries and wages of the Industrial Composite in Québec as established by Statistics Canada for each of the 12 months preceding 1 July of the year preceding the year for which the amount of the Maximum Yearly Insurable Earnings is computed and the same sum for each of the 12 months preceding 1 July 1992.
The amount of the Maximum Yearly Insurable Earnings shall be rounded off to the next highest $500 and is applicable for one year from 1 January of each year.
For the purposes of this section, the Minister shall use the data furnished by Statistics Canada as of 1 October of the year preceding the year for which the amount of the Maximum Yearly Insurable Earnings is computed.
If, on 1 October in any year, the data furnished by Statistics Canada are incomplete, the Minister may use the data available at that time to determine the Maximum Yearly Insurable Earnings.
If Statistics Canada uses a new method to determine the average of weekly salaries and wages, the Minister shall adjust the computation of the amount of the Maximum Yearly Insurable Earnings in relation to the evolution of the average of weekly salaries and wages from 1 January of the year following the change of method.
1993, c. 54, s. 64.