Alberta · CCAA
Proposed Monitor's Pre-filing Report (Final w appendices)
Pre-filing report · 1 December 2022
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- secured creditorsnote: Proposed 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. · page: 5 · amount: 51589635 · debtor: Midnight Integrated Financial Inc. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Assessed for tax shelter promoter penalties and arrears interest; deemed-trust class; disputed, notice of objection filed. · page: 5 · amount: 1868208 · debtor: Tower Adventures Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Assessed for tax shelter promoter penalties and arrears interest; deemed-trust class; disputed, notice of objection filed. · page: 5 · amount: 327156 · debtor: Booker Adventure Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Assessed for corporate income tax, penalties and arrears interest; deemed-trust class; disputed, notice of objection filed. · page: 5 · amount: 7308181 · debtor: Booker Adventure Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Assessed for tax shelter promoter penalties and arrears interest; deemed-trust class; disputed, notice of objection filed. · page: 5 · amount: 327156 · debtor: Comstock Adventure Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD
- secured creditorsnote: Assessed for corporate income tax, penalties and arrears interest; deemed-trust class; disputed, notice of objection filed. · page: 6 · amount: 7356062 · debtor: Comstock Adventure Corp. · creditor: Canada Revenue Agency (CRA) · currency: CAD