TAZARMC Inc.

TAZARMC Inc. is subject to a proposal proceeding under Division I of the Bankruptcy and Insolvency Act. The record centres on a Form 33 list of creditors with claims of $250 or more, dated April 20, 2022 and described by the company as preliminary and subject to change, at a stage when creditors are not yet required to file proofs of claim. The list's stated total is $4,002,268.79, covering Canada Revenue Agency deemed-trust claims of $170,000 and $80,000 against separate accounts, employee claims aggregated at $51,901.20, a WSIB assessment of $8,671.72, and dozens of trade and lender claims, the largest being Vulcraft Canada at $1,312,227.35, Kimco Steel at $581,676.55 and BDC at $510,000. The proceeding's status is active; no further procedural developments are recorded.