Search results
Results From The WOW.Com Content Network
Following the 1880 repeal of Canadian insolvency law at the federal level, [2] the Parliament of Canada returned to the field in 1882, passing legislation "for the purpose of winding-up insolvent banks, and insolvent trading companies," known as An Act respecting Insolvent Banks, Insurance Companies, Loan Companies, Building Societies and Trading Corporations.
The Companies' Creditors Arrangement Act [1] (CCAA; French: Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their businesses and financial affairs.
Original file (1,275 × 1,650 pixels, file size: 299 KB, MIME type: application/pdf, 20 pages) This is a file from the Wikimedia Commons . Information from its description page there is shown below.
The Parliament of Canada has exclusive jurisdiction to regulate matters relating to bankruptcy and insolvency, by virtue of Section 91(2) of the Constitution Act, 1867. It has passed the following statutes as a result: The Bankruptcy and Insolvency Act ("BIA") [1] The Companies' Creditors Arrangements Act ("CCAA") [2] The Farm Debt Mediation ...
Main page; Contents; Current events; Random article; About Wikipedia; Contact us
The Canadian federal budget for the 2008–09 fiscal year was presented to the House of Commons of Canada by Finance Minister Jim Flaherty on February 26, 2008. [3]The budget included a surplus of $10.2 billion to be applied to pay down federal debt, and the introduction of the Tax-Free Savings Account (TFSA). [4]
The Act went on to stipulate several charges to be made to the fund, some of which were recurring charges, and continue to be withdrawn from the fund today, in accordance with the Act. The original balance of the fund was created from the consolidated financial resources of whatever revenue and taxation could be lawfully appropriated by the ...
The Ontario Court of Appeal has ruled that, in the case of a "requirement to pay" under the Income Tax Act (Canada) that was issued after a notice of application to appoint a receiver (but before the court heard the application), supported by an ex parte "jeopardy order" issued by the Federal Court of Canada under s. 225.1(1) of that Act, [70 ...