Datatax Business Services Limited
Follow- Proceeding
- NOIBIA s. 50.4
Datatax Business Services Limited filed a notice of intention to make a proposal under BIA s. 50.4 on October 16, 2023, in the judicial centre of Toronto, Ontario. The proceeding is closed. A Statement of Affairs (Form 78) as at October 23, 2023, sworn by Brent Houlden at the entity level for Old DBSL Ltd., reported total assets of $1.00 against total liabilities of $2,117,709.21, a deficiency of $2,117,708.21, with preferred creditors and contingent liabilities both nil. Fiera Private Fund VI L.P. was listed with a claim of $836,588.00 secured against GST/HST for 2022, the security valued at $1.00 and the $836,587.00 balance reclassified as unsecured. Other unsecured claims included the Canada Revenue Agency at $1,066,923.98 as a deemed trust class claim, RSM Canada LLP at $73,500.00, Blaney McMurtry LLP at $62,658.66, DLA Piper (Canada) LLP at $41,246.57 and Felesky Flynn LLP at $36,792.00.
A claims procedure has been established — see the order for deadlines.
Vesting Certificate - Proposal Trustee - KPMG Inc. - Court Estate File No. 31-2975175 — Court officer certificate
Debtor
Datatax Business Services Limited
Proposal trustee
KPMG
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Cavanagh | Ontario Superior Court of Justice | 5 orders, Aug 2023 – Oct 2023 | 288 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| Proposal trusteeKPMG | Bennett Jones LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| CreditorBank of Montreal | Dentons Canada LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| CreditorFiera FP Business Financing Fund, L.P | Thornton Grout Finnigan LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| CreditorFiera Private Debt Fund VI L.P | Stikeman Elliott LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| CreditorKSV Advisory Inc | Chaitons LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| CreditorWestern Surety Company | Borden Ladner Gervais LLP | 5 Oct 2023 | Service list · 5 Oct 2023 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Fiera Private Fund VI L.P.Taxes - GST/HST - 2022 — Estimated value of security $1.00; balance of claim $836,587.00 falls to unsecured per List A. Statement of Affairs sworn by Brent Houlden. — debtor: Old DBSL Ltd. · as of 23 Oct 2023 | $837K | Notice to Creditors |
| 8 | Unsecured | Canada Revenue Agency · in 926 casesDeemed trust/CRA class claim — debtor: Old DBSL Ltd. · as of 23 Oct 2023 | $1.07M | Notice to Creditors |
| 8 | Unsecured | Fiera Private Fund VI L.P.Balance of secured claim (List B) reclassified as unsecured; total claim $836,587.00 — debtor: Old DBSL Ltd. · as of 23 Oct 2023 | $837K | Notice to Creditors |
| 8 | Unsecured | RSM Canada LLP · in 5 casesdebtor: Old DBSL Ltd. · as of 23 Oct 2023 | $73.5K | Notice to Creditors |
| 8 | Unsecured | Blaney McMurtry LLP · in 6 casesdebtor: Old DBSL Ltd. · as of 23 Oct 2023 | $62.7K | Notice to Creditors |
| 8 | Unsecured | DLA Piper (Canada) LLP · in 16 casesdebtor: Old DBSL Ltd. · as of 23 Oct 2023 | $41.2K | Notice to Creditors |
| 8 | Unsecured | Felesky Flynn LLP · in 4 casesdebtor: Old DBSL Ltd. · as of 23 Oct 2023 | $36.8K | Notice to Creditors |
Unsecured creditors: no distribution. BMO $2M · Fiera short.EstimatedMotion Record - Moving Party - Datatax · 4 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | BMO | — | $2M | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 5 Oct 2023 |
| Secured | Fiera | — | shortfall | Estimatedper the proposal trustee | Second Report of the Proposal Trustee · 5 Oct 2023 |
| Unsecured | — | — | no distribution | Estimatedper the debtor | Motion Record - Moving Party - Datatax · 4 Oct 2023 |
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.
1 engagement · 1 firm — KPMG Inc., 1 Aug – 30 Sep 2023Second Report of the Proposal Trustee · 5 Oct 2023
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| KPMG Inc.Proposal trustee | 1 Aug – 30 Sep 2023 | — | — | not stated | Second Report of the Proposal Trustee · 5 Oct 2023 |
As at 23 Oct 2023 · per Statement of Affairs (Form 78) as stated and estimated by the officer, sworn by Brent Houlden · Old DBSL Ltd. (entity level) — Deficiency of $2,117,708.21. Unsecured creditors (List A) total $1,281,121.21 plus balance of secured claims $836,587.00 = total unsecured creditors $2,117,708.21 per form; preferred creditors (List C) and contingent liabilities (List D) both nil.
| Date | Document | File |
|---|---|---|
| Certificate of Assignment | ||
| Termination Certificate | ||
| Vesting Certificate - Proposal Trustee - KPMG Inc. - Court Estate File No. 31-2975175 | ||
Approval and Vesting Order - Moving Party-Datatax
| ||
Distribution Termination and Fee Approval Order - Moving Party-Datatax
| ||
Endorsement of Cavanagh J.
| ||
| Factum - Moving Party-Datatax | ||
Second Report of the Proposal Trustee
| ||
Service List - Datatax
| ||
Motion Record - Moving Party - Datatax
| ||
| Creditor Package | ||
Endorsement
| ||
Order - SEALED
| ||
| Factum | ||
| First Report of the Proposal Trustee | ||
| Motion Record - Part 1 | ||
| Motion Record - Part 2 | ||
| Motion Record - Part 3 | ||
| Certificate for the Notice of Intention to Make a Proposal (NOI) | ||
| Non-Disclosure Agreement | ||
Notice to Creditors
| ||
| Teaser | ||
| Proof of Claim | ||
| Proxy | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Datatax Business Services Limited” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/datatax-business-services-limited