The Monitor in a liquidating CCAA proceeding sought approval of its fees, a distribution to unsecured creditors, an extension of the stay of proceedings, and an order exempting it from tax and withholding obligations under various federal and provincial statutes.
The court approved the fees, distribution, and stay extension.
However, the court declined to grant the tax exemptions, finding no basis in law or evidence to declare that the Monitor is not a 'representative' or is not 'distributing' funds under the tax statutes, especially without notice to the relevant taxation authorities.
