Alberta Court of Queen’s Bench Reiterates Court’s Discretion to Grant an Interim Financing Charge “Super-Priority” Status in the Face of a Deemed Trust Under the Income Tax Act

This blog’s most recent post considered the Supreme Court of Nova Scotia’s June 2017 decision of Rosedale Farms Limited, Hassett Holdings Inc., Resurgam Resources (Re) (“Rosedale”) where the Cou

Filed under:
Canada, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Secured creditor, Bankruptcy and Insolvency Act 1985 (Canada), Canada Revenue Agency
Authors:
Walker W. MacLeod , Audrey Bouffard-Nesbitt
Location:
Canada
Firm:
McCarthy Tétrault LLP
Deemed Trust for Unremitted Withholdings Trumps Interim Financing Charge in Recent Nova Scotia Supreme Court Decision

In the recent decision of Rosedale Farms Limited, Hassett Holdings Inc., Resurgam Resources (Re) (“Rosedale”), the Supreme Court of Nova Scotia held that a deemed trust for unremitted withholdings under sections 227(4)

Filed under:
Canada, Alberta, Insolvency & Restructuring, Litigation, McCarthy Tétrault LLP, Bankruptcy and Insolvency Act 1985 (Canada), Canada Revenue Agency
Authors:
Audrey Bouffard-Nesbitt
Location:
Canada
Firm:
McCarthy Tétrault LLP