Words and Phrases - "proceeding"
Marie-Andrée Beaudry, Dean Kraus, "Selected Income Tax Considerations in the Court-Approved Debt Restructurings and Liquidations", 2015 Annual CTF Conference paper
Stay of assessment in CCAA proceedings (p. 13:38)
In…Girard, the Québec Court of Appeal concluded that a notice of assessment or reassessment constituted a proceeding and was therefore subject to the stay of proceedings under the BIA. The court determined that a notice of assessment or reassessment issued while the stay is in effect will not have the legal effect conferred on it under the ITA unless the tax authorities obtain the leave of the court under section 69.4 of the BIA. [fn 132: …2014 QCCA 1922] …While in Girard the stay of proceedings was issued under section 69.3 of the BIA, the language in that provision is quite similar to the stay provision in section 11.02 of the CCAA. ...