Alberta Rebar Inc., an Alberta-based manufacturer of concrete reinforcing steel, made an assignment in bankruptcy on January 10, listing approximately $3 million in liabilities to CRA.

The company struggled to be profitable in the years after the Covid-19 pandemic. It also made an unsuccessful attempt to extend operations into BC. The significant CRA liability was built up over this period and ultimately the company was not able to meet CRA’s repayment terms.

Grant Thornton is the bankruptcy trustee.