Midnight Integrated Financial Inc.
- Proceeding
- CCAACCAA
- File
- 2203 18660
- Industry
- Financial services · Investment funds & schemes
Midnight Integrated Financial Inc. is a closed CCAA proceeding in the Court of King's Bench of Alberta, driven by disputed Canada Revenue Agency claims. CRA has proposed a tax shelter promoter penalty of $51,589,635 against Midnight under s. 237.1(7.4) of the Income Tax Act, calculated as 25% of consideration received on share issuances from 2016 to 2020, and has assessed related entities, including $7,356,062 against Comstock Adventure Corp. and $7,308,181 against Booker Adventure Corp.; each is disputed by notice of objection. Orders were granted on December 15, 2022, March 3 and September 13, 2023, March 14 and August 9, 2024, with the stay extended successively to March 8, 2023, May 31, 2023, August 31, 2024 and August 31, 2025. A bid deadline of April 19, 2024 and a claims bar date of March 31, 2025 were set.
The claims bar date has passed — claims were due by
Per the Claims Process Letter dated 4 March 2025.
Filed Consent Amended and Restated Sale Approval and Vesting Order with Ancillary Relief — Approval and vesting order
2203 18660 - Filed-2024-05-15-Sale Approval and Vesting Order with Ancillary Relief — Approval and vesting order
Letter to Commercial Coordinator encl unfiled Monitor's Fifth Report - March 7, 2024 — Court officer report
Filed First Page - Application for Extension of Stay Period — Application / notice of application
Monitor's third report to the Court requesting an extension to the Stay — Court officer report
Affidavit of Jon Gilbert in support of Court application to extend stay of proceedings up to and including September 15, 2023 — Application / notice of application
Application for Order extending Stay period to September 15, 2023 — Application / notice of application
Service list for upcoming application scheduled for May 26, 2023 — Application / notice of application
2203-18660-Filed-2023-03-06-Order Extending Stay & Adding Add. Applicants 4149-9289-5558 v.1 was filed.
Source: 2203-18660-Filed-2023-03-06-Order Extending Stay & Adding Add. Applicants 4149-9289-5558 v.1
Letter to Service List encl filed cover pages of Second Report of Monitor - February 27, 2023.PDF — Court officer report
2203-18660-Filed-2023-02-21-Application - Filed First Page.pdf — Application / notice of application
SIGNED - Service letter re serving unfiled Mar. 3, 2023 hearing materials — Stakeholder communication
Letter to Court - Initial Application (Counsel for the Applicants) — Application / notice of application
Debtor
Midnight Integrated Financial Inc.
Monitor
EY
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Neilson | Court of King's Bench of Alberta | 7 orders, Dec 2022 – Oct 2024 | 63 cases on record |
| Justice Whitling | Court of King's Bench of Alberta | 3 orders, Mar 2024 | 16 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorEY | DLA Piper (Canada) LLP | 28 Nov 2022 | Service list · 28 Nov 2022 |
| ApplicantMidnight Integrated Financial Inc., Tower Adventures Ltd., Booker Adventure Corp. and Comstock Adventure Corp | Duncan & Craig LLP | 28 Nov 2022 | Service list · 28 Nov 2022 |
| ApplicantSentinel Investments Inc | Duncan & Craig LLP | 5 Jan 2023 | Order · 5 Jan 2023 |
| DebtorMidnight Integrated Financial Inc. | Duncan & Craig LLP | 9 May 2024 | Affidavit · 9 May 2024 |
| CreditorCanada Reve ue Agency | Duncan & Craig LLP | 5 Jan 2023 | Order · 5 Jan 2023 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesProposed tax shelter promoter penalty under s.237.1(7.4) ITA (25% of consideration received for share issuances 2016-2020, incl. $196,830,535 subscription proceeds and $9,527,956 due diligence fees). CRA has not yet issued formal assessment; deemed-trust class; disputed by Midnight. — debtor: Midnight Integrated Financial Inc. | $51.6M | Proposed Monitor's Pre-filing Report (Final w appendices) |
| Deemed trusts (CRA and other) | |||
| Deemed trusts (CRA and other) | |||
| Deemed trusts (CRA and other) | |||
| Deemed trusts (CRA and other) |
4 more claims in 1 class The stack holds Deemed trusts (CRA and other) claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: no distribution.Application - MINT - March 14, 2024 - to be filed · 5 Mar 2024
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | — | — | no distributionconditional | per the debtor | Application - MINT - March 14, 2024 - to be filed · 5 Mar 2024 |
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.
2 engagements · 2 firms — latest: DLA Piper (Canada) LLP, incl. taxSeventh Report of the Monitor · 9 Jun 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| DLA Piper (Canada) LLPCounsel to the monitor | — | — | not stated | Seventh Report of the Monitor · 9 Jun 2025 | |
| Ernst & Young Inc.Monitor | — | — | not stated | Seventh Report of the Monitor · 9 Jun 2025 |
2 blurred figures above
What each firm billed — each as the filing states it, with its source.
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See all plansAs at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Filed Distribution and Discharge Order
| PDF · Subscribers | |
| Affidavit of Dan McCulloch | PDF · Subscribers | |
Seventh Report of the Monitor
| PDF · Subscribers | |
Claims Process Letter
| PDF · Subscribers | |
| Proof of Claim Form | PDF · Subscribers | |
Filed Consent Amended and Restated Sale Approval and Vesting Order with Ancillary Relief
| PDF · Subscribers | |
| Discontinuance of Appeal - Filed | PDF · Subscribers | |
Filed - Order - Extending Stay Period
| PDF · Subscribers | |
| Appeal Record - Filed | PDF · Subscribers | |
| Extracts of Key Evidence of the Appellant - Filed | PDF · Subscribers | |
| Factum of Minister of National Revenue | PDF · Subscribers | |
| Permission to Appeal - Transcripts - Filed | PDF · Subscribers | |
| Letter to Court of Appeal from Respondents | PDF · Subscribers | |
| Memorandum of Argument for the Respondents - MINT Group | PDF · Subscribers | |
Service Letter - Memorandum of Argument of the Respondent
| PDF · Subscribers | |
| Application for Permission to Appeal - Filed | PDF · Subscribers | |
| Brief of Law with Appendices - Filed | PDF · Subscribers | |
| Letter to ABCA | PDF · Subscribers | |
| Transcript of May 15, 2024 Hearing | PDF · Subscribers | |
2203 18660 - Filed-2024-05-15-Order
| PDF · Subscribers | |
2203 18660 - Filed-2024-05-15-Sale Approval and Vesting Order with Ancillary Relief
| PDF · Subscribers | |
| Filed - Sixth Report of the Monitor | PDF · Subscribers | |
| Letter to Service list encl unfiled Sixth Report of the Monitor | PDF · Subscribers | |
| Sixth Report of the Monitor | PDF · Subscribers | |
Affidavit of Service - Service List - May 2024
| PDF · Subscribers | |
| Filed - 7th Affidavit of Jon Gilbert | PDF · Subscribers | |
| Filed - Application | PDF · Subscribers | |
| Filed - Brief of Law | PDF · Subscribers | |
| May 15 - Application | PDF · Subscribers | |
| 7th Affidavit of Jon Gilbert | PDF · Subscribers | |
| Brief of Law - Part 1 of 3 | PDF · Subscribers | |
| Brief of Law - Part 2 of 3 | PDF · Subscribers | |
| Brief of Law - Part 3 of 3 | PDF · Subscribers | |
| Plan of Arrangement Order | PDF · Subscribers | |
Sale and Approval and Vesting Order
| PDF · Subscribers | |
| Service Letter to Court Coordinator | PDF · Subscribers | |
Service Letter to Service List
| PDF · Subscribers | |
| Filed - Order - Approving SISP and Stalking Horse APA | Trustee site | |
| Filed - Order - BCA Plan of Arrangement Initial Order | Trustee site | |
| Sales and Investment Solicitation Process | PDF · Subscribers | |
The Midnight Group SISP - Teaser
| PDF · Subscribers | |
| Fifth Report of Monitor - Filed March 8, 2024 | PDF · Subscribers | |
Letter to Service List encl filed Fifth Report - March 8, 2024
| PDF · Subscribers | |
| DC Brief of Law_1 | PDF · Subscribers | |
| DC Brief of Law_2 | PDF · Subscribers | |
| Letter to Commercial Coordinator encl unfiled Monitor's Fifth Report - March 7, 2024 | PDF · Subscribers | |
Letter to Service List encl unfiled Fifth Report - March 7, 2024
| PDF · Subscribers | |
| Midnight Monitor's Fifth Report dated March 7, 2024 - unfiled | PDF · Subscribers | |
Order re Approval of SISP - clean copy
| PDF · Subscribers | |
Order re Approval of SISP - track changed version
| PDF · Subscribers | |
| 6th Affidavit of Jon Gilbert_1 | PDF · Subscribers | |
| 6th Affidavit of Jon Gilbert_2 | PDF · Subscribers | |
| 6th Affidavit of Jon Gilbert_3 | PDF · Subscribers | |
| 6th Affidavit of Jon Gilbert_4 | PDF · Subscribers | |
| 6th Affidavit of Jon Gilbert_5 | PDF · Subscribers | |
Application - MINT - March 14, 2024 - to be filed
| PDF · Subscribers | |
| Interim Order - BCA Plan of Arrangement | PDF · Subscribers | |
Letter to Service List - March 4, 2024
| PDF · Subscribers | |
| Letter to Service List - March 5, 2024 | PDF · Subscribers | |
Order - Approve SISP and Stalking Horse APA
| PDF · Subscribers | |
Filed - Order - Extending the Stay Period
| PDF · Subscribers | |
| Monitor's Fourth Report with Schedules | PDF · Subscribers | |
| Affidavit | PDF · Subscribers | |
| Brief - Extension Application | PDF · Subscribers | |
| Filed First Page - Application for Extension of Stay Period | PDF · Subscribers | |
| Filed First Page - Fifth Affidavit of Jon Gilbert | PDF · Subscribers | |
| Service letter re serving September 13, 2023 hearing materials | PDF · Subscribers | |
| WEBEX CONFIRMATION | PDF · Subscribers | |
Letter to Service List encl filed Third Report - May 19, 2023.PDF
| PDF · Subscribers | |
Letter to service list
| PDF · Subscribers | |
| Monitor's third report to the Court requesting an extension to the Stay | PDF · Subscribers | |
| Affidavit of Jon Gilbert in support of Court application to extend stay of proceedings up to and including September 15, 2023 | PDF · Subscribers | |
| Application for Order extending Stay period to September 15, 2023 | PDF · Subscribers | |
Service list for upcoming application scheduled for May 26, 2023
| PDF · Subscribers | |
2203-18660-Filed-2023-03-06-Order Extending Stay & Adding Add. Applicants 4149-9289-5558 v.1
| PDF · Subscribers | |
Letter to Service List encl filed cover pages of Second Report of Monitor - February 27, 2023.PDF
| PDF · Subscribers | |
| Monitor's Second Report with Schedules | PDF · Subscribers | |
| (20230303)-2203-18660-Submitted-2023-02-21-Draft-Order | PDF · Subscribers | |
| 2203-18660-Filed-2023-02-21-Application - Filed First Page.pdf | PDF · Subscribers | |
| 2203-18660-Filed-2023-02-21-Brief - Filed First Page.pdf | PDF · Subscribers | |
| Application by Debtor | PDF · Subscribers | |
| Brief of Law in support of application for extension of initial order and addition of parties to CCAA proceedings | PDF · Subscribers | |
| SIGNED - Service letter re serving unfiled Mar. 3, 2023 hearing materials | PDF · Subscribers | |
| Third Affidavit of Jon Gilbert - Filed First Page | PDF · Subscribers | |
| Third affidavit of Jon Gilbert in support of extension of stay and the addition of certain parties as applicants to these proceedings | PDF · Subscribers | |
Order Extending Benefit of Stay to SIINC & GSI
| PDF · Subscribers | |
Amending Order
| PDF · Subscribers | |
Amended and Restated Initial Order
| PDF · Subscribers | |
Ltr Service List
| PDF · Subscribers | |
| First Report of Monitor | PDF · Subscribers | |
Letter to Service List encl unfiled Monitor_s First Report
| PDF · Subscribers | |
| Filed First Page of Brief | PDF · Subscribers | |
| Listing of creditors owed $1,000 or more | PDF · Subscribers | |
| Notice to creditors informing them of the CCAA proceeding | PDF · Subscribers | |
| AFFIDAVIT OF JON GILBERT IN SUPPORT OF EXTENSION OF STAY AND ADDITIONAL RELIEF | PDF · Subscribers | |
APPLICATION
| PDF · Subscribers | |
| Book of Authorities | PDF · Subscribers | |
| Brief of Law of Attorney General | PDF · Subscribers | |
| DRAFT AMENDED & RESTATED INITIAL ORDER | PDF · Subscribers | |
| DRAFT ORDER | PDF · Subscribers | |
| Letter to Court | PDF · Subscribers | |
Service List
| PDF · Subscribers | |
Executed Initial Order with Service List - Filed December 9, 2022
| PDF · Subscribers | |
Letter to Service List encl filed Monitor_s Report - December 5, 2022
| PDF · Subscribers | |
Proposed Monitor's Pre-filing Report (Final w appendices)
| PDF · Subscribers | |
Ltr Service List with filed first pages - Nov. 30.22
| PDF · Subscribers | |
| Affidavit of Jon Gilbert | PDF · Subscribers | |
Affidavit of Jon Gilbert (Part 2)
| PDF · Subscribers | |
| Book of the Authorities of the Applicants | PDF · Subscribers | |
| Brief of Law in Support of Application for Initial Order | PDF · Subscribers | |
| Consent to Act as Monitor | PDF · Subscribers | |
| Draft Initial Order | PDF · Subscribers | |
Letter to Court - Initial Application (Counsel for the Applicants)
| PDF · Subscribers | |
Letter to the Service List
| PDF · Subscribers | |
Originating Application
| 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., “Midnight Integrated Financial Inc.” (CCAA), Court of King's Bench of Alberta. Retrieved 4 November 2026, https://proceedings.ca/case/midnight-integrated-financial-inc