Proceedings.

Midnight Integrated Financial Inc.

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Closed
Proceeding
CCAACCAA
Court
Court of King's Bench of Alberta
File
2203 18660
Filings held114
Last activity20 Jun 2025
On the record1,382 days
OverviewSummary updated

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.

Claims processIf you are owed money

The claims bar date has passed — claims were due by

Per the Claims Process Letter dated 4 March 2025.

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Case updates115 dated entries

112 earlier updates, back to 9 December 2022 — subscribers.

Parties

Debtor

Midnight Integrated Financial Inc.

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice NeilsonCourt of King's Bench of Alberta3 orders, Jan 2023 – May 202444 cases on record
Justice WhitlingCourt of King's Bench of Alberta3 orders, Mar 202412 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYDla Piper LLP28 Nov 2022Service list · 28 Nov 2022
ApplicantMidnight Integrated Financial Inc., Tower Adventures Ltd., Booker Adventure Corp. and Comstock Adventure CorpDuncan & Craig LLP28 Nov 2022Service list · 28 Nov 2022
DebtorMidnight Integrated Financial Inc.Duncan & Craig LLP9 May 2024Affidavit · 9 May 2024
Capital structureAs asserted in the filings
Priority classCreditorAmountSource
Deemed trusts (CRA and other)Canada Revenue Agency (CRA) · in 926 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.$51.6MProposed Monitor's Pre-filing Report (Final w appendices)
3 more claims across lower-ranking classesSubscribe to view⁠
Sale processAs stated in the filings

Bid deadline

19 April 2024

The Midnight Group SISP - Teaser

RecoveriesAs stated in the filings

Unsecured creditors: no distribution.Application - MINT - March 14, 2024 - to be filed · 5 Mar 2024

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionconditionalper the debtorApplication - 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.

Fees and ratesAs stated in the filings

2 engagements · 2 firms — latest: (firm not named), —Seventh Report of the Monitor · 9 Jun 2025

FirmPeriodHoursFeesRatesSource
(firm not named)Counsel to the monitorfirm not named in the heading————Seventh Report of the Monitor · 9 Jun 2025
Ernst & Young Inc.Monitor————Seventh Report of the Monitor · 9 Jun 2025
2 stated figures across 2 engagements, each sourcedSubscribe to view⁠
Estate financialsReported figures — never derived

The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers

Documents
114 filings
DateDocumentFile
Filed Distribution and Discharge Order
  • Presiding officer Justice J. S. Little
PDF · Subscribers
Affidavit of Dan McCullochPDF · Subscribers
Seventh Report of the Monitor
PDF · Subscribers
Claims Process Letter
  • Claims bar date 31 March 2025
PDF · Subscribers
Proof of Claim FormPDF · Subscribers
Filed Consent Amended and Restated Sale Approval and Vesting Order with Ancillary ReliefPDF · Subscribers
Discontinuance of Appeal - FiledPDF · Subscribers
Filed - Order - Extending Stay Period
  • Order date 9 August 2024
  • Stay extended to 31 August 2025
PDF · Subscribers
Appeal Record - FiledPDF · Subscribers
Extracts of Key Evidence of the Appellant - FiledPDF · Subscribers
Factum of Minister of National RevenuePDF · Subscribers
Permission to Appeal - Transcripts - FiledPDF · Subscribers
Letter to Court of Appeal from RespondentsPDF · Subscribers
Memorandum of Argument for the Respondents - MINT GroupPDF · Subscribers
Service Letter - Memorandum of Argument of the Respondent
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Application for Permission to Appeal - FiledPDF · Subscribers
Brief of Law with Appendices - FiledPDF · Subscribers
Letter to ABCAPDF · Subscribers
Transcript of May 15, 2024 HearingPDF · Subscribers
2203 18660 - Filed-2024-05-15-Order
  • Presiding officer Justice J.T. Neilson
PDF · Subscribers
2203 18660 - Filed-2024-05-15-Sale Approval and Vesting Order with Ancillary ReliefPDF · Subscribers
Filed - Sixth Report of the MonitorPDF · Subscribers
Letter to Service list encl unfiled Sixth Report of the MonitorPDF · Subscribers
Sixth Report of the MonitorPDF · Subscribers
Affidavit of Service - Service List - May 2024
  • Counsel Duncan Craig LLP
PDF · Subscribers
Filed - 7th Affidavit of Jon GilbertPDF · Subscribers
Filed - ApplicationPDF · Subscribers
Filed - Brief of LawPDF · Subscribers
May 15 - ApplicationPDF · Subscribers
7th Affidavit of Jon GilbertPDF · Subscribers
Brief of Law - Part 1 of 3PDF · Subscribers
Brief of Law - Part 2 of 3PDF · Subscribers
Brief of Law - Part 3 of 3PDF · Subscribers
Plan of Arrangement OrderPDF · Subscribers
Sale and Approval and Vesting OrderPDF · Subscribers
Service Letter to Court CoordinatorPDF · Subscribers
Service Letter to Service List
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Filed - Order - BCA Plan of Arrangement Initial OrderPDF · Subscribers
Sales and Investment Solicitation ProcessPDF · Subscribers
The Midnight Group SISP - Teaser
  • Bid deadline 19 April 2024
PDF · Subscribers
Fifth Report of Monitor - Filed March 8, 2024PDF · Subscribers
Letter to Service List encl filed Fifth Report - March 8, 2024
  • Counsel Duncan Craig LLP
PDF · Subscribers
DC Brief of Law_1PDF · Subscribers
DC Brief of Law_2PDF · Subscribers
Letter to Commercial Coordinator encl unfiled Monitor's Fifth Report - March 7, 2024PDF · Subscribers
Letter to Service List encl unfiled Fifth Report - March 7, 2024
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Midnight Monitor's Fifth Report dated March 7, 2024 - unfiledPDF · Subscribers
Order re Approval of SISP - clean copy
  • Order date 14 March 2024
  • Presiding officer Justice N.J. Whitling
PDF · Subscribers
Order re Approval of SISP - track changed version
  • Order date 14 March 2024
  • Presiding officer Justice N.J. Whitling
PDF · Subscribers
6th Affidavit of Jon Gilbert_1PDF · Subscribers
6th Affidavit of Jon Gilbert_2PDF · Subscribers
6th Affidavit of Jon Gilbert_3PDF · Subscribers
6th Affidavit of Jon Gilbert_4PDF · Subscribers
6th Affidavit of Jon Gilbert_5PDF · Subscribers
Application - MINT - March 14, 2024 - to be filed
  • Recovery outcome Entries: per unstated · Table missing:
PDF · Subscribers
Interim Order - BCA Plan of ArrangementPDF · Subscribers
Letter to Service List - March 4, 2024
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Letter to Service List - March 5, 2024PDF · Subscribers
Order - Approve SISP and Stalking Horse APA
  • Bid deadline 19 April 2024
  • Order date 14 March 2024
  • Presiding officer Justice N.J. Whitling
PDF · Subscribers
Filed - Order - Extending the Stay Period
  • Order date 13 September 2023
  • Presiding officer Justice Neilson
  • Stay extended to 31 August 2024
PDF · Subscribers
Monitor's Fourth Report with SchedulesPDF · Subscribers
AffidavitPDF · Subscribers
Brief - Extension ApplicationPDF · Subscribers
Filed First Page - Application for Extension of Stay PeriodPDF · Subscribers
Filed First Page - Fifth Affidavit of Jon GilbertPDF · Subscribers
Service letter re serving September 13, 2023 hearing materialsPDF · Subscribers
WEBEX CONFIRMATIONPDF · Subscribers
Letter to Service List encl filed Third Report - May 19, 2023.PDF
  • Counsel Duncan Craig LLP
PDF · Subscribers
Letter to service list
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Monitor's third report to the Court requesting an extension to the StayPDF · Subscribers
Affidavit of Jon Gilbert in support of Court application to extend stay of proceedings up to and including September 15, 2023PDF · Subscribers
Application for Order extending Stay period to September 15, 2023PDF · Subscribers
Service list for upcoming application scheduled for May 26, 2023
  • Counsel Duncan Craig LLP
PDF · Subscribers
2203-18660-Filed-2023-03-06-Order Extending Stay & Adding Add. Applicants 4149-9289-5558 v.1
  • Order date 3 March 2023
  • Presiding officer Justice Fagnan
  • Stay extended to 31 May 2023
PDF · Subscribers
Letter to Service List encl filed cover pages of Second Report of Monitor - February 27, 2023.PDF
  • Counsel Duncan Craig LLP
PDF · Subscribers
Monitor's Second Report with SchedulesPDF · Subscribers
(20230303)-2203-18660-Submitted-2023-02-21-Draft-OrderPDF · Subscribers
2203-18660-Filed-2023-02-21-Application - Filed First Page.pdfPDF · Subscribers
2203-18660-Filed-2023-02-21-Brief - Filed First Page.pdfPDF · Subscribers
Application by DebtorPDF · Subscribers
Brief of Law in support of application for extension of initial order and addition of parties to CCAA proceedingsPDF · Subscribers
SIGNED - Service letter re serving unfiled Mar. 3, 2023 hearing materialsPDF · Subscribers
Third Affidavit of Jon Gilbert - Filed First PagePDF · Subscribers
Third affidavit of Jon Gilbert in support of extension of stay and the addition of certain parties as applicants to these proceedingsPDF · Subscribers
Order Extending Benefit of Stay to SIINC & GSI
  • Order date 15 December 2022
  • Presiding officer Justice J. T. Neilson
  • Stay extended to 8 March 2023
PDF · Subscribers
Amending OrderPDF · Subscribers
Amended and Restated Initial Order
  • Order date 15 December 2022
  • Stay expiry 8 March 2023
PDF · Subscribers
Ltr Service List
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
First Report of MonitorPDF · Subscribers
Letter to Service List encl unfiled Monitor_s First Report
  • Counsel Duncan Craig LLP
PDF · Subscribers
Filed First Page of BriefPDF · Subscribers
Listing of creditors owed $1,000 or morePDF · Subscribers
Notice to creditors informing them of the CCAA proceedingPDF · Subscribers
AFFIDAVIT OF JON GILBERT IN SUPPORT OF EXTENSION OF STAY AND ADDITIONAL RELIEFPDF · Subscribers
APPLICATION
  • Court Court of King's Bench of Alberta
  • Court file no 2203 18660
PDF · Subscribers
Book of AuthoritiesPDF · Subscribers
Brief of Law of Attorney GeneralPDF · Subscribers
DRAFT AMENDED & RESTATED INITIAL ORDERPDF · Subscribers
DRAFT ORDERPDF · Subscribers
Letter to CourtPDF · Subscribers
Service List
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Executed Initial Order with Service List - Filed December 9, 2022
  • Counsel Duncan Craig LLP
PDF · Subscribers
Letter to Service List encl filed Monitor_s Report - December 5, 2022
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Proposed Monitor's Pre-filing Report (Final w appendices)
PDF · Subscribers
Ltr Service List with filed first pages - Nov. 30.22
  • Counsel Duncan Craig LLP
PDF · Subscribers
Affidavit of Jon GilbertPDF · Subscribers
Affidavit of Jon Gilbert (Part 2)
PDF · Subscribers
Book of the Authorities of the ApplicantsPDF · Subscribers
Brief of Law in Support of Application for Initial OrderPDF · Subscribers
Consent to Act as MonitorPDF · Subscribers
Draft Initial OrderPDF · Subscribers
Letter to Court - Initial Application (Counsel for the Applicants)
PDF · Subscribers
Letter to the Service List
  • Counsel DLA Piper (Canada) LLP
PDF · Subscribers
Originating Application
  • Court Court of King's Bench of Alberta
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 20 September 2026, https://proceedings.ca/case/midnight-integrated-financial-inc

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Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/midnight-integrated-financial-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.