Canadian Sun & Mountains Travel Corporation
Follow- Proceeding
- Proposalsubsection 50.(1) of the Bankruptcy and Insolvency Act R.S.C. 1985, c. B-3
- File
- 11-3182544
Canadian Sun & Mountains Travel Corporation filed a Division I proposal with the Office of the Superintendent of Bankruptcy on January 31, 2025, with Crowe MacKay & Company Ltd. as proposal trustee in the Supreme Court of British Columbia. Management's unaudited balance sheet at October 31, 2024 showed total assets of $1,827,681 against total liabilities of $1,491,835. The Business Development Bank of Canada holds first-in-time registered security over all present and after-acquired property and is owed $766,288 as at February 10, 2025; guarantees given to it by directors and officers and by 1286036 B.C. Ltd. are to be released under the proposal. The statement of affairs lists 13 unsecured creditors owed $498,900, while the trustee's estimated realization schedule puts total unsecured claims at $416,347.
A claims procedure has been established — see the order for deadlines.
3 earlier updates, back to 31 January 2025 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Debtor
Canadian Sun & Mountains Travel Corporation
Proposal trustee
Crowe MacKay
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Service Canada (WEPPA subrogated claim) · in 62 casesas of Filing Date (January 31, 2025) — Subrogated secured claim under section 81.3 of the BIA against current assets, up to $2,000 per employee (~5 employees) — Conservative estimate included by Proposal Trustee for employee wage claims under WEPPA; ranks ahead of BDC's AllPAAP security but behind CRA deemed trust claim. — debtor: Canadian Sun & Mountains Travel Corporation | $10K | Report of Trustee on Proposal (dated March 10, 2025) |
Unsecured creditors: a distribution.Under the plan · vote pendingReport of Trustee on Proposal · 10 Feb 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | — | — | a distribution | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 10 Feb 2025 |
| Unsecured | — | — | a distribution | Under the planvote pendingper the proposal trustee | Report of Trustee on Proposal · 10 Feb 2025 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Report of Trustee on Proposal (dated March 10, 2025)
| PDF · Subscribers | |
| Notice of Hearing of Application for Court Approval of Proposal | PDF · Subscribers | |
| Second Amended Proposal dated March 3, 2025 | PDF · Subscribers | |
| Proposal Creditors ’ Package | PDF · Subscribers | |
Amended Proposal dated February 7, 2025
| PDF · Subscribers | |
Proposal dated January 31, 2025
| PDF · Subscribers | |
| Proof of Claim | PDF · Subscribers | |
| Proxy Form | PDF · Subscribers | |
| Voting Letter | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Canadian Sun & Mountains Travel Corporation” (Proposal), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/canadian-sun-mountains-travel-corporation