In a unanimous decision issued November 8, 2018, the Supreme Court of Canada granted the appeal of the decision of the Federal Court of Appeal in Canada v Callidus Capital Corp, 2017 FCA 162.
Canada, Banking, Insolvency & Restructuring, Litigation, Tax, Bennett Jones LLP, Excise, Secured creditor, Goods and services tax (Canada), Canada Revenue Agency, Supreme Court of Canada, Federal Court of Appeal (Canada)
Recent decisions of the Court of Queen's Bench of Alberta have put into question the priority of municipal property taxes in insolvency proceedings. Two such decisions are the subject of pending appeals. A third recent decision of the Court of Queen's Bench of Alberta has confirmed the scope of a special lien for municipal property taxes. This article is the first in a series addressing these issues.
Virginia Hills: Linear Tax Claims
Canada, Alberta, Insolvency & Restructuring, Litigation, Real Estate, Tax, Bennett Jones LLP, Property tax, Bankruptcy and Insolvency Act 1985 (Canada)