Under the Bankruptcy and Insolvency Act the government has imposed a' Levy' (in 1997 equal to 5%) over all dividends paid to unsecured creditors. Therefore, if a creditor is entitled to a $100 dividend, he will only get $95 with $5 being paid to the government.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). levy. Retrieved September 21, 2026, from http://smartdefine.org/levy/definitions/1157149 |
| Chicago | Barry Goldsmith. 2010. "levy" http://smartdefine.org/levy/definitions/1157149 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, levy, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/levy/definitions/1157149>. |
| MLA | Barry Goldsmith. "levy" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/levy/definitions/1157149> |