In bankruptcy proceedings the first in line to receive payments is the Canada Revenue Agency.

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The Canada Revenue Agency (CRA) has priority over all other unsecured creditors in bankruptcy proceedings, meaning they are first in line to receive payments. This is outlined in the Bankruptcy and Insolvency Act (BIA) and helps ensure that the government is able to collect any outstanding taxes owed by the bankrupt individual or business.

In Bankruptcy Proceedings the First in Line to Receive Payments