1754758 Ontario Inc.

Closed

Proceeding: Insolvency proceeding (type unspecified)Subsection 245 & 246 (1) of the Bankruptcy and Insolvency Act

Filings held1

Last activity4 Oct 2021

On the record1,813 days

Secured debt$268K

OverviewSummary updated 5 September 2026

1754758 Ontario Inc. remains in active insolvency proceedings in Ontario, where the company's property at 43 Wallace Street, Vaughan, secures the claim of its principal lender. As of October 4, 2021, Bank of Montreal was estimated to be owed CAD 268,000, held under a general security agreement over that property. The same CAD 268,000 figure for Bank of Montreal also appears as an unsecured claim amount on the creditor list attached to the Notice and Statement of Receiver. The Canada Revenue Agency is listed on that creditor list in an unknown amount, with a potential deemed trust claim referenced in the intended plan of action.

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Case updates1 dated entry

4 Oct 2021

#Filing

Section 245 Notice was filed.

Source: Section 245 Notice

Parties

Debtor

1754758 Ontario Inc.

Court officer

MNP

Capital structureAs asserted in the filings

stated amounts, drawn to scale · 1 named without a figure

#	Priority class	Creditor	Amount	Source
4	Secured	Bank of Montreal · in 279 casesGeneral Security Agreement — Estimated amount owed to creditor holding security on the property (43 Wallace Street, Vaughan, Ontario) — debtor: 1754758 Ontario Inc. · as of 4 Oct 2021	$268K	Section 245 Notice
8	Unsecured	Bank of Montreal · in 279 casesSame creditor listed as secured creditor on page 1; listed here as unsecured claim amount in Creditor List — debtor: 1754758 Ontario Inc. · as of 4 Oct 2021	$268K	Section 245 Notice
8	Unsecured	Canada Revenue Agency · in 926 casesAmount listed as 'Unknown'; potential deemed trust claim referenced in intended plan of action — debtor: 1754758 Ontario Inc. · as of 4 Oct 2021	—	Section 245 Notice

“not stated” means the record names the claim without a figure; “—” means not in the extracted record.

RecoveriesAs stated in the filings

Closed · the record states no distribution outcome.

Documents1 filing

Date	Document	File
4 Oct 2021	Section 245 Notice Appointee MNP Ltd. Appointee role receiver Commencement date 4 October 2021 Secured creditors $268K · Note: Estimated amount owed to creditor holding security on the property (43 Wallace Street, Vaughan, Ontario) · Page: 1 · As of: 2021-10-04 · Debtor: 1754758 Ontario Inc. · Creditor: Bank of Montreal · Security: General Security Agreement + 2 more extracted facts	PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “1754758 Ontario Inc.” (Insolvency proceeding (type unspecified)). Retrieved 20 September 2026, https://proceedings.ca/case/1754758-ontario-inc