1718539 Ontario 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
- CL-26-00000242-0000
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.
Aide-Mémoire of Applicant – Dated June 24, 2026 – Returnable June 25, 2026 — Application / notice of application
Application Record – Dated June 10, 2026 – Returnable June 25, 2026 — Application / notice of application
Debtor
1718539 Ontario Inc.
Receiver
Bricks Damiani
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Jun 2026 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorTandia Financial, a division of Alterna Savings and Credit Union Limited | Aird & Berlis LLP | 18 Jun 2026 | Factum · 18 Jun 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Tandia Financial, a division of Alterna Savings and Credit Union LimitedSecurity interest on the Real Property (426-428 Dawes Road, Toronto) — Amount stated as at May 12, 2026, plus accruing interest and Tandia's costs/expenses (unaudited, per Receiver's Notice and Statement) — debtor: 1718539 Ontario Inc. · as of 12 May 2026 | $2.24M | Notice and Statement of Receiver – Dated July 3, 2026 |
| 4 | Secured | 2391393 Ontario Inc.Registered charge of $500,000 on the Real Property, registered December 22, 2022 — Amount reflects registered charge amount (unaudited); Receiver could not confirm current outstanding balance — debtor: 1718539 Ontario Inc. · as of 22 Dec 2022 | $500K | Notice and Statement of Receiver – Dated July 3, 2026 |
| 4 | Secured | Fibonaii Group Inc.Registered charge of $85,000 on the Real Property, registered April 23, 2025 — Amount reflects registered charge amount (unaudited); Receiver could not confirm current outstanding balance — debtor: 1718539 Ontario Inc. · as of 23 Apr 2025 | $85K | Notice and Statement of Receiver – Dated July 3, 2026 |
| 8 | Unsecured | City of Toronto - Property TaxesReceiver states it is not in possession of a complete list of unsecured creditors; figures are unaudited and subject to further review — debtor: 1718539 Ontario Inc. | $20.4K | Notice and Statement of Receiver – Dated July 3, 2026 |
| 8 | Unsecured | Toronto Hydro-Electric Systems Limited · in 20 casesReceiver states it is not in possession of a complete list of unsecured creditors; figures are unaudited and subject to further review — debtor: 1718539 Ontario Inc. | $5.62K | Notice and Statement of Receiver – Dated July 3, 2026 |
| 8 | Unsecured | City of Toronto - Solid WasteReceiver states it is not in possession of a complete list of unsecured creditors; figures are unaudited and subject to further review — debtor: 1718539 Ontario Inc. | $4.66K | Notice and Statement of Receiver – Dated July 3, 2026 |
| 8 | Unsecured | Ministry of Finance · in 107 casesPlaceholder figure of $1 used by Receiver for unknown and potential taxes owing; actual quantum unknown — debtor: 1718539 Ontario Inc. | $1 | Notice and Statement of Receiver – Dated July 3, 2026 |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesPlaceholder figure of $1 used by Receiver for unknown and potential taxes owing; actual quantum unknown (deemed-trust class not otherwise specified) — debtor: 1718539 Ontario Inc. | $1 | Notice and Statement of Receiver – Dated July 3, 2026 |
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.
| Date | Document | File |
|---|---|---|
Notice and Statement of Receiver – Dated July 3, 2026
| ||
Endorsement of Justice W.D. Black – Dated June 25, 2026
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Receivership Order – Dated June 25, 2026
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Aide-Mémoire of Applicant – Dated June 24, 2026 – Returnable June 25, 2026
| ||
Factum of Applicant – Dated June 18, 2026 – Returnable June 25, 2026
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Application Record – Dated June 10, 2026 – Returnable June 25, 2026
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “1718539 Ontario Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/1718539-ontario-inc