West Air Sheet Metal Ltd.
Follow- Proceeding
- Proposalsubsection 50.4(1) of the Bankruptcy and Insolvency Act
- File
- B301-306817
West Air Sheet Metal Ltd. is the subject of a Division I proposal proceeding under the BIA. Per the Trustee's Claims Register as of February 5, 2026, total liabilities are $1,875,268.00, made up of preferred claims of $4,000.00, secured claims of $13,515.00, unsecured claims of $1,372,283.81, and a CRA deemed trust claim of $485,469.19. Only $517,932.52 in proofs of claim had been filed, of which $32,463.33 was admitted for dividend. Royal Bank of Canada holds a $13,515.00 PMSI-secured claim on a 2017 Chevrolet Silverado and issued a Notice of Intention to Enforce Security on October 7, 2025, seizing approximately $211,000.00 from a GIC; its broader GSA is valued by the Trustee at nil because CRA's priority deemed trust claim exceeds asset value. The company has proposed a lump-sum payment of $250,000.00 to satisfy the CRA deemed trust requirement.
1 earlier update, back to 3 December 2025 — subscribers.
Debtor
West Air Sheet Metal Ltd.
Proposal trustee
Hudson & Company Insolvency Trustees
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) - Deemed Trust Claim · in 926 casesStatutory deemed trust / first charge on all Company assets under s.60(1.1) BIA (payroll source deductions) — Deemed trust class; ranks in priority to any creditor of the Company and has a first charge on all assets (page 2). Body text states 'approximately $485,469.19' (page 2); Claims Register shows Proof of Claim filed and Admitted for the identical amount $485,469.19 (page 9). Company proposes to pay a lump sum of $250,000.00 to satisfy this s.60(1.1) requirement (page 2) - proposed settlement, not the claim amount. — debtor: West Air Sheet Metal Ltd. · as of 5 Feb 2026 | $485K | Trustee Preliminary Report |
Unsecured creditors: a distribution.Creditor Package · 6 Feb 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Preferred | — | — | paid in full | Under the planvote pendingper the trustee | Creditor Package · 6 Feb 2026 |
| Unsecured | — | — | a distribution | per the trustee | Creditor Package · 6 Feb 2026 |
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 |
|---|---|---|
Creditor Package
| PDF · Subscribers | |
Proposal Extension
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Trustee Preliminary Report
| 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., “West Air Sheet Metal Ltd.” (Proposal), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/west-air-sheet-metal-ltd