999 Gold Depot (Canada) Limited obtained protection under the Companies’ Creditors Arrangement Act on July 13, 2026, continuing proposal proceedings it commenced after Canada Revenue Agency enforcement froze its principal operating account. Justice Myers granted the initial order just one day before the company would have been deemed bankrupt under its Bankruptcy and Insolvency Act proceedings, finding that the company met the CCAA’s technical requirements, had sufficient forecast liquidity and was acting in good faith and with due diligence. CRA had input into the form of the order and did not oppose the application.
The stay does not prevent the procedural continuation of the company’s Tax Court appeal, although enforcement of…