Canastone Contracting Ltd.
- Proceeding
- BankruptcySection 49(1) of the Bankruptcy and Insolvency Act ("BIA")
- File
- 25-2984813
- Industry
- Construction
Canastone Contracting Ltd.'s bankruptcy claims register, as of October 2, 2023, shows the trustee still working through competing claims against the estate. Canadian Western Bank holds a first-ranking general security agreement but its claim, along with a related CEBA facility claim, remains not proved; the Canada Revenue Agency's deemed-trust claim for unremitted payroll source deductions, listed at $319,105.90, is also not proved and subject to CRA audit. PPSA equipment financiers Davis GMC Buick and Rocket Leasing hold admitted purchase-money security interests, with the trustee reviewing secured proofs of claim to determine the estate's equitable interest. Among unsecured creditors, claims from trade suppliers, contractors and utilities have been admitted for dividend, the largest being 1583762 Alberta Ltd. o/a Coaldale Home Hardware Building Centre at $286,623.58, while a substantial number of other listed creditors, including further Canadian Western Bank and CRA amounts, remain unproved.
Undated filings1 — no date appears on the document · show
Debtor
Canastone Contracting Ltd.
Trustee in bankruptcy
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Prairies (account 82957 6669 0001RP) · in 87 casesDeemed trust claim (unremitted payroll source deductions) — Status 'Not proved' in Claims Register. Trustee's Report (page 3) states CRA is owed approximately $500,000 for unremitted payroll source deductions (deemed trust), subject to CRA audit, with no claim received as of Sept 29, 2023 - the $319,105.90 figure is the Trustee's Claims Register SOA figure for the same/related account; a separate unsecured CRA claim on the same account suffix (RP) of $180,894.10 also appears in the register (see unsecured list, page 6). — debtor: Canastone Contracting Ltd. · as of 2 Oct 2023 | $319K | Trustees Report on Preliminary Administration |
| 4 | Secured | |||
| 5 | PMSI / lessors | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
91 more claims in 3 classes The stack holds Deemed trusts (CRA and other), Secured, PMSI / lessors and Unsecured claims.
Every creditor and every amount, drawn to scale.
Card required. Nothing charged for 5 days. Cancel anytime.
Already a subscriber? Sign in.
See all plansUnsecured creditors: no distribution.EstimatedTrustees Report on Preliminary Administration · 29 Sep 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distribution | Estimatedper the trustee | Trustees Report on Preliminary Administration · 29 Sep 2023 |
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.
| Date | Document | File |
|---|---|---|
Creditor Package
| PDF · Subscribers | |
Trustees Report on Preliminary Administration
| 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., “Canastone Contracting Ltd.” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/canastone-contracting-ltd