Re: 1000156489 Ontario Inc. – Ontario Superior Court confirms that it could not exempt a CCAA monitor from liability under, e.g., ITA s. 159(3) for making CCAA distributions without withholding

Myers J. refused a request to provide, in an order made by him pursuant to CCAA proceedings respecting an insolvent company, that failure of the monitor to withhold in accordance with ITA s. 159 and comparable provisions of various other federal and Ontario statutes, would not give rise to liability of the monitor under those statutes. He stated that he knew “of no basis to find that paramountcy invalidates the provincial tax laws or that the CCAA renders the federal tax laws of general application inapplicable.”

Neal Armstrong. Summary of Re: 1000156489 Ontario Inc., 2026 ONSC 610 under s. 159(3). See also Freedom Cannabis.