Supreme Court of Canada decision: Pre-Bankruptcy Liability

The Supreme Court of Canada released the following decision:

 

Callidus Capital Corp. v. Canada, 2018 SCC 47, File no. 37768

 

(The question of law at issue was formulated as follows and assumed the existence of a pre-bankruptcy liability under s. 222 of the Excise Tax Act, R.S.C. 1985, c. E-1.  We would allow the appeal for the reasons of the dissenting judge in the Federal Court of Appeal, and reinstate the order of Justice McVeigh of the Federal Court that answered in the affirmative the question of law submitted by the parties, with costs throughout in favour of Callidus Capital Corporation.)