CRA’s Super-Priority Remains Operative Over Pre-Bankruptcy Payments to Secured Creditor

Secured creditors have taken note and expressed concern regarding a recent decision from the Federal Court of Appeal (the “FCA”), which has upended conventional wisdom regarding the priority and treatment of GST/HST arrears in a bankruptcy. In Canada v.

Filed under:
Canada, Company & Commercial, Insolvency & Restructuring, Litigation, Aird & Berlis LLP | Aird & McBurney LP, Secured creditor, Canada Revenue Agency, Federal Court of Appeal (Canada)
Authors:
Sean Green
Location:
Canada
Firm:
Aird & Berlis LLP | Aird & McBurney LP