1718539 Ontario Inc.

1718539 Ontario Inc. is in court-appointed receivership under section 243 of the Bankruptcy and Insolvency Act, with the receivership centred on real property at 426-428 Dawes Road, Toronto. Tandia Financial, a division of Alterna Savings and Credit Union Limited, holds a security interest in that property and is owed $2,241,295 as at May 12, 2026, plus accruing interest and its costs and expenses. Two further charges are registered against the property: $500,000 in favour of 2391393 Ontario Inc., registered December 22, 2022, and $85,000 in favour of Fibonaii Group Inc., registered April 23, 2025; the Receiver could not confirm the current balance owing on either. On the Receiver's unaudited creditor listing, the City of Toronto is owed $20,380 in property taxes and $4,655 for solid waste, and Toronto Hydro-Electric Systems Limited $5,616. The Receiver has entered placeholder amounts of $1 each for the Canada Revenue Agency and the Ministry of Finance for unknown and potential taxes, and states it does not hold a complete list of unsecured creditors.