999 Gold Depot (Canada) Limited
Follow- Proceeding
- CCAACCAA
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- BK-26-03367471-0031
999 Gold Depot (Canada) Limited obtained an initial order under the Companies' Creditors Arrangement Act on July 13, 2026 from the Ontario Superior Court of Justice, Commercial List, under court file BK-26-03367471-0031. AlixPartners Restructuring, Inc., formerly KSV Restructuring Inc., was appointed monitor. The order granted an administration charge of $500,000 ranking first, securing the monitor, the monitor's counsel and counsel to the applicant, and a directors' charge of $165,000 ranking second for the company's directors and officers. The stay of proceedings runs to November 14, 2026. The proceeding remains active.
Commenced CCAA protection for the company, appointed AlixPartners Restructuring as monitor, granted a $500,000 first-ranking administration charge and $165,000 second-ranking directors' charge, and stayed proceedings to November 14, 2026.
Factum of the Applicant (Extension of Stay of Proceedings) returnable May 28, 2026 — Factum / brief
Motion Record of the Applicant returnable May 28, 2026 (Stay Extension Motion) — Application / notice of application
Filing brief
999 Gold Depot: the order that isolates one creditor
A five-person gold refinery filed a notice of intention in April, after the CRA sent a Requirement to Pay to the bank holding its only operating account. On July 13, the day before it would have been deemed bankrupt, Justice Myers continued the proposal under the CCAA and stayed everything except the tax appeal that caused it.
Filing brief
999 Gold Depot: one requirement to pay, and the business stopped
A family precious-metals business runs about $40 million a year through a 780 square foot shop with two induction furnaces. In April the CRA served a requirement to pay on the company's only bank. It lost access to its operating funds and filed a notice of intention four working days later. The stay got the money back — the $32 million claim behind it is still there.
Debtor
999 Gold Depot (Canada) Limited
Monitor
AlixPartners
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 103 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Debtor999 Gold Depot (Canada) Limited | Chaitons LLP | 28 May 2026 | Factum · 28 May 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| Court-ordered charges | ||||
| 1 | Court-ordered charges | Administration Charge — First (to the maximum amount of $500,000), per paragraph 34 | $500K | CCAA Initial Order dated July 13, 2026 |
| 1 | Court-ordered charges | Directors Charge — Second, per paragraph 34 | $165K | CCAA Initial Order dated July 13, 2026 |
| Pre-filing debt | ||||
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 926 casesDeemed-trust class (GST/HST). Amount is the sum stated in CRA's Requirement to Pay dated April 22, 2026 to CIBC ('April 2026 RTP'), the Company's sole operating bank account, which precipitated the NOI filing. Underlying GST/HST reassessment (Notices of Assessment dated March 2, 2023) disallowed ITCs of $15,695,124 plus gross-negligence penalties/interest under s.285 Excise Tax Act; CRA's Appeals Division (letter May 13, 2024) confirmed disallowance of $15,658,841.56 in ITCs. CRA's claimed total balance escalated over time: RTP to RBC (Jan 12, 2024) $27,944,666.52; RTP to Scotiabank (July 9, 2 · as of 22 Apr 2026 | $31.8M | First Report of the Proposal Trustee dated May 25, 2026 |
| 8 | Unsecured | Canada Revenue Agency (CRA) · in 926 casesDISPUTED and UNQUANTIFIED. The CRA Assessment issued March 2, 2023 disallowed input tax credits totalling $15,695,124 plus penalties and interest for GST/HST reporting periods April 1, 2013 to August 31, 2019 (the Joint Report describes this as approximately $15.7 million, p.6). Company filed a Notice of Objection May 10, 2023 and, after CRA confirmation, a Notice of Appeal in the Tax Court of Canada dated February 9, 2026, which remains outstanding. By letter dated October 23, 2025 the CRA asserted the Company owed $31,807,933 (amount used here); elsewhere the reports describe a claim 'exceed · as of 23 Oct 2025 | $31.8M | Prefiling Report of the Proposed Monitor dated July 8, 2026 |
As at 31 Dec 2025 · per unaudited compiled financial statements · entity - 999 Gold Depot (Canada) Limited — Shareholders' equity of $5,144,656 accounts for balance; document states Company does not have any secured creditors
| Date | Document | File |
|---|---|---|
| 999 Gold - Notice to Creditors dated July 20, 2026 | ||
CCAA Initial Order dated July 13, 2026
| ||
Endorsement of Justice Myers dated July 13, 2026
| ||
| List of Creditors as at July 13, 2026 | ||
| Factum of the Applicant dated July 9, 2026 | ||
Prefiling Report of the Proposed Monitor dated July 8, 2026
| ||
Motion Record of 999 Gold Depot dated July 7, 2026
| ||
Endorsement of Justice Conway dated May 28, 2026
| ||
Extension Order dated May 28, 2026
| ||
Factum of the Applicant (Extension of Stay of Proceedings) returnable May 28, 2026
| ||
Motion Record of the Applicant returnable May 28, 2026 (Stay Extension Motion)
| ||
First Report of the Proposal Trustee dated May 25, 2026
| ||
| NOI Notice to Creditors dated May 4, 2026 | ||
| Certificate for the Notice of Intention - 31-3367471 | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “999 Gold Depot (Canada) Limited” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/999-gold-depot-canada-limited