GI-2026-40-reg2: Regulations Amending the Companies’ Creditors Arrangement Regulations

If your company has over $5 million in liabilities and files for CCAA protection, the monitor overseeing your restructuring will now pay a $25,000 levy to the federal government upfront out of your estate's available funds — money that would otherwise eventually flow to creditors. This levy is indexed to inflation annually and represents roughly $1 for every $5,000 in assets, so its impact on large restructurings is expected to be small. Licensed Insolvency Trustees (LITs) acting as monitors — about half of whom operate as small businesses — will also face modest additional administrative work (estimated at about three extra hours per CCAA proceeding) to complete updated reporting forms that ask new questions about pension plans, employee counts, financing details, and asset dispositions. Small business creditors owed money by CCAA-filing companies will see a marginally reduced recovery, with the government estimating only about 3.7% of CCAA estate debts are owed to small businesses.