November 16, 2018
Restructuring & Insolvency Banking & Finance

In Callidus we “Trust” – The SCC Rules on the...

Callidus Capital Corporation v. Her Majesty the Queen, 2018 SCC 47 (SCC) Callidus was a secured creditor of Cheese Factory Road Holdings Inc. Pursuant to a trust agreement, Cheese Factory held all funds received in trust for Callidus and remitted them to be applied to its debt. The amounts paid to Callidus under this arrangement […]

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September 8, 2015
Robin K. Aitken, TEP Sean Glover Caitlin Mahoney
Banking & Finance

The Taxman Cometh: CRA Priorities in Insolvency Proceedings

Courts and lawmakers often refer to Canada Revenue Agency (“CRA”) as an involuntary creditor when businesses fail to make required tax payments to the governmental authority. The timely collection of taxes and payroll deductions also plays a fundamental role in the financing of government.

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