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Bankruptcy and Insolvency Act

Version of section 147 from 2002-12-31 to 2009-09-17:

Marginal note:Levy payable out of dividends for supervision

  •  (1) For the purpose of defraying the expenses of the supervision by the Superintendent, there shall be payable to the Superintendent for deposit with the Receiver General a levy on all payments, except the costs referred to in subsection 70(2), made by the trustee by way of dividend or otherwise on account of the claims of creditors, whether unsecured, preferred or secured creditors, and including Her Majesty in right of Canada or a province claiming in respect of taxes or otherwise.

  • Marginal note:Rate of levy

    (2) The levy referred to in subsection (1) shall be at a rate to be fixed by the Governor in Council and shall be charged proportionately against all payments and deducted therefrom by the trustee before payment is made.

  • R.S., c. B-3, s. 118

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