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Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Under the PPSA, the general rule is that the first creditor to register or take possession has priority. This rule is different from the rule that applies under the existing law. Currently, if a company created two charges in favour of two separate creditors, it is the creditor whose charge was created first that takes priority(so long as that creditor has registered within the 30-day period required by the Companies Act). The general rule under the PPSA is that first to register or take possession takes priority no matter which charge is signed first. One consequence is that creditors, such as banks, are likely to require registration of a financing statement as a condition precedent to advancing funds to a debtor.  2, record 1, English, - first%20creditor

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

créancier de premier rang; créancière de premier rang : termes normalisés par le Comité de normalisation, Promotion de l’accès à la justice dans les deux langues officielles (PAJLO).  2, record 1, French, - cr%C3%A9ancier%20de%20premier%20rang

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

As a general rule, the FIS Creditor Department will initiate the IS [interdepartmental settlement] Request for the majority of IS transactions between FIS Departments, via the SPS [Standard Payment System] on-line facility or by Bulk Input file.  2, record 2, English, - FIS%20creditor%20department

Record number: 2, Textual support number: 1 OBS

FIS: Financial Information Strategy  3, record 2, English, - FIS%20creditor%20department

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 CONT

En règle générale, le ministère créancier conforme à la SIF lance la demande de RI [règlement interministériel] par l'entremise de la fonction en ligne du SNP [Système normalisé des paiements] ou d'un fichier de saisie globale.  2, record 2, French, - minist%C3%A8re%20cr%C3%A9ancier%20conforme%20%C3%A0%20la%20SIF

Record number: 2, Textual support number: 1 OBS

SIF : Stratégie d'information financière  3, record 2, French, - minist%C3%A8re%20cr%C3%A9ancier%20conforme%20%C3%A0%20la%20SIF

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

Debt collection practices vary from creditor to creditor.... As a general rule, provincial laws cover seizure of goods, garnishment and other court actions.  1, record 3, English, - debt%20collection

Record 3,  Textual support,  French

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

In these circumstances departments must charge or credit the amounts unilaterally to their own appropriations, using offset accounts assigned to them by the Receiver General. Debtors should not rely solely on creditor billings to establish their PAYE-OGD entries. If invoices are not available, the amounts should be determined by reference to internal data or information from the creditor. Disputed amounts should be recorded at the amount of the expected settlement. The amounts must be auditable.  3, record 4, English, - PAYE%2DOGD%20entry

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 CONT

Le cas échéant, les ministères doivent débiter ou créditer unilatéralement leurs propres crédits des sommes en jeu, au moyen des comptes de compensation attribués par le receveur général. Les ministères débiteurs ne doivent pas se fier uniquement aux factures des ministères créanciers pour effectuer leurs inscriptions CAFE-AMG. S'ils ne disposent pas de factures, ils doivent se servir de leurs données internes ou des renseignements fournis par les créanciers. En cas de contestation, ils doivent inscrire le montant correspondant au règlement prévu. Les inscriptions doivent être vérifiables.  3, record 4, French, - inscription%20CAFE%2DAMG

Record number: 4, Textual support number: 1 OBS

L'expression «autres ministères» est recommandé.  4, record 4, French, - inscription%20CAFE%2DAMG

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

For example, a financial institution that is a secured creditor of a taxpayer in financial difficulty may refuse to clear cheques to the Receiver General on account of source deductions, while continuing to honour cheques to employees and other creditors of the taxpayer.  1, record 5, English, - clear%20a%20cheque

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 CONT

Par exemple, une institution financière qui est le créancier garanti d'un contribuable éprouvant des difficultés financières peut refuser de compenser les chèques émis à l'ordre du receveur général au titre des retenues à la source tout en continuant de faire honneur aux chèques émis à l'ordre des employés et des autres créanciers du contribuable.  1, record 5, French, - compenser%20un%20ch%C3%A8que

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

For example, a financial institution that is a secured creditor of a taxpayer in financial difficulty may refuse to clear cheques to the Receiver General on account of source deductions, while continuing to honour cheques to employees and other creditors of the taxpayer.  1, record 6, English, - honour%20cheques

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

Par exemple, une institution financière qui est le créancier garanti d'un contribuable éprouvant des difficultés financières peut refuser de compenser les chèques émis à l'ordre du receveur général au titre des retenues à la source tout en continuant de faire honneur aux chèques émis à l'ordre des employés et des autres créanciers du contribuable.  1, record 6, French, - faire%20honneur%20aux%20ch%C3%A8ques

Record 6,  Textual support,  Spanish