Strengthened CRA Super-Priority for GST

2018-11-15T22:10:57+00:00

Until last year it was a common understanding that a bankruptcy triggers a priority reversal of CRA’s super-priority deemed trust claim for GST/HST debt, even if proceeds were recovered by a secured creditor prior to bankruptcy of the debtor.  The bankruptcy of a debtor was pursued as a late stage step in a secured [...]