Supreme Court Of Canada Settles Excise Tax Act Priorities in CCAA Action

Davis LLP Business Solutions & Restructuring Law Bulletin

February 08, 2011

Mary Buttery has won an important case for Century Services Inc.

On December 26, 2010, the Supreme Court of Canada held in Century Services Inc. v. Canada (Attorney General) that the Crown does not enjoy super-priority in relation to unremitted Goods and Services Tax under the provisions of the Companies’ Creditors Arrangements Act.

This bulletin reviews this case decision.