11517945 Canada Inc.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-26-00063916-0000
11517945 Canada Inc. was placed in court-appointed receivership on February 12, 2026 by order of the Ontario Superior Court of Justice (In Bankruptcy and Insolvency), under Court File No. CV-26-00063916-0000. The proceeding is brought under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The receivership remains active. The record to date consists of the appointment itself; no further steps have been reported.
Supplement to the Receiver's First Report: the Mewburn property was sold to Royal Living with title vesting in RLD Group, and a pro-rata protocol is proposed for the remaining unit buyer deposits.
Source: Supplemental Report to Court
Receivership order granted Thursday, February 12, 2026, commencing the proceeding against 11517945 Canada Inc. in the Ontario Superior Court of Justice.
Source: Receivership Order
Meridian Credit Union Limited issued its notice of application on January 21, 2026 for the appointment of BDO Canada Limited as receiver and manager, court file CV-26-00063916-0000.
Source: Application Record
Case update
Mewburn Towns: what is left of 27 buyers' deposits
BDO Canada's sealed-price sale of a stalled 28-townhome project in Niagara Falls, which the receiver says leaves Meridian Credit Union short on a $9,191,463.39 claim, takes none of the 27 buyers' purchase agreements with it; an August 31 supplement proposes they share what remains of $1,980,487 in deposits, about 9.88% each by the receiver's draft accounting, before claiming from Tarion.
Debtor
11517945 Canada Inc.
Receiver
BDO
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Meridian Credit Union Limited · in 17 casesFirst ranking mortgage over Mewburn Property in principal amount of $14,500,000; demand loan facility to maximum $9,900,000; standby letters of credit facility to maximum $1,081,495 (also stated as $1,018,495 in security opinion) — Obligations including costs, fees and interest charges to Aug 9, 2026 total approximately $9,191,463.39, per diem $1,841.40, per Meridian payout statement (Appendix V); security opinion confirmed by Loopstra Nixon as valid and enforceable mortgage, subject to standard assumptions/qualifications — debtor: 11517945 Canada Inc. · as of 9 Aug 2026 | $9.19M | Motion Record of BDO Canada Limited |
| 4 | Secured | Rhema Ever Incorporated (construction lien claimant)Construction lien registered on title to Real Property — Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; claim of supply extending to March 23, 2026 questioned by Receiver as post-appointment — debtor: 11517945 Canada Inc. · as of 21 May 2026 | $166K | Motion Record of BDO Canada Limited |
| 4 | Secured | Canadian Way Electric Inc. (construction lien claimant)Construction lien and certificate of action registered on title to Real Property — Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; treated as potential Priority Payable ahead of Meridian if validated — debtor: 11517945 Canada Inc. · as of 23 Sep 2025 | $126K | Motion Record of BDO Canada Limited |
| 4 | Secured | Meridian Credit Union Limited (Receiver's Borrowings / Receiver's Certificate #1) · in 17 casesas of First Report date (August 17, 2026) — Receiver's Borrowings Charge on the Property (subordinate to Receiver's Charge), per diem $31.07 — Advance of $120,000 under Receiver's Certificate #1; balance including accrued interest — debtor: 11517945 Canada Inc. | $125K | Motion Record of BDO Canada Limited |
| 4 | Secured | Aesthetic Pro Drywall Ltd. (construction lien claimant)as of registration date (post-appointment, in breach of stay imposed March 10, 2026) — Construction lien registered on title to Real Property — Validity and priority not finally determined; quantum disputed by Alpha and the Debtor; registered despite stay of proceedings — debtor: 11517945 Canada Inc. | $64.5K | Motion Record of BDO Canada Limited |
| 7 | Preferred (BIA s. 136) | City of Niagara Falls (property tax arrears) · in 6 casesPreferred/priority payable; plus accruing interest; to be paid as part of Transaction — debtor: 11517945 Canada Inc. · as of 30 Jun 2026 | $57.8K | Motion Record of BDO Canada Limited |
| 7 | Preferred (BIA s. 136) | City of Niagara Falls (water utility arrears) · in 6 casesPreferred/priority payable; accruing at $3,117.80 per monthly cycle ending on the 6th of each month; to be paid as part of Transaction — debtor: 11517945 Canada Inc. · as of 6 Jul 2026 | $6.24K | Motion Record of BDO Canada Limited |
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Approval pending — Purchase Agreement was only conditional upon the Court issuing an approval and vesting order; Receiver requests Court issue the approval and vesting order in the name of RLD Group (Niagara Falls) Inc.Supplemental Report to Court · 31 Aug 2026
| Purchaser | Price | Status | Source |
|---|---|---|---|
| Royal Living Development Group Inc.the real property known municipally known as 2700 Mewburn Road, Niagara Falls, Ontario ... and other assets described in the Sale Agreement (the "Purchased Assets") · real property · nominee/assignee: RLD Group (Niagara Falls) Inc. · agreement 3 Jul 2026 | not stated | Approved15 Sep 2026 | Approval and Vesting order |
Meridian Credit Union Limited: shortfall.Motion Record of BDO Canada Limited · 17 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Meridian Credit Union Limited | — | shortfall | per the receiver | Motion Record of BDO Canada Limited · 17 Aug 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 engagements · 2 firms — latest: Loopstra Nixon, 11 Feb – 13 Aug 2026Motion Record of BDO Canada Limited · 17 Aug 2026
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| BDO Canada LimitedReceiver | 15 Jan – 31 Jul 2026Sought | 169.35 | $75,138.75ex. tax | $300 – $6504 people | First Report to Court · 17 Aug 2026 | ||||||||||||||||||||||||||||||
4 people — BDO Canada Limited, 15 Jan – 31 Jul 2026
| |||||||||||||||||||||||||||||||||||
| Loopstra Nixoncapacity not stated | 11 Feb – 13 Aug 2026 | 50.55 | — | $630.49stated average | Motion Record of BDO Canada Limited · 17 Aug 2026 | ||||||||||||||||||||||||||||||
Top rate $650 · 19th percentile of receiver rates, 2026 · of 55
| Date | Document | File |
|---|---|---|
Administrative Order
| ||
Approval and Vesting order
| ||
Supplemental Report to Court
| ||
First Report to Court
| ||
Motion Record of BDO Canada Limited
| ||
| Update to Unit Buyers | ||
Receivership Order
| ||
Application Record
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “11517945 Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/11517945-canada-inc