Giant Containers Inc. and Giant Group Canada Inc.
Follow- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Court
- Ontario Superior Court of Justice · Commercial List
- File
- CV-24-725638-00CL
Giant Containers Inc. and Giant Group Canada Inc. were placed in receivership by order of the Ontario Superior Court of Justice (Commercial List) made Friday, September 27, 2024, under section 243 of the Bankruptcy and Insolvency Act and provincial Judicature Act authority. The proceeding is carried on court file CV-24-725638-00CL in Ontario. The receivership order is the only step recorded on this file, and the matter is now closed on the record with no further milestones entered.
Receivership order made over Giant Containers Inc. and Giant Group Canada Inc. on Friday, September 27, 2024, commencing the proceeding on Commercial List file CV-24-725638-00CL.
Debtor
Giant Containers Inc. and Giant Group Canada Inc.
Receiver
BDO
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 2 orders, Sep 2024 – Nov 2025 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverBDO | Thornton Grout Finnigan LLP | 18 Nov 2025 | Order · 18 Nov 2025 |
| ApplicantRoyal Bank of Canada | Thornton Grout Finnigan LLP | 27 Sep 2024 | Order · 27 Sep 2024 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) - unremitted HST · in 926 casesas of CRA proof of claim — Statutory deemed trust over unremitted HST — Deemed trust class claim; of the total $169,476.70 claimed, $145,046.10 represents the deemed trust property claim (the priority portion). Combined deemed trust portions ($11,532.28 + $145,046.10 = $156,578.38) are the amount the Discharge Order authorizes the Receiver to distribute to CRA, subject to availability of excess funds. — debtor: Giant Containers Inc. | $169K | Motion Record - dated November 6, 2025 |
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) - payroll source deductions · in 926 casesas of CRA proof of claim — Statutory deemed trust over outstanding payroll source deductions — Deemed trust class claim; of the total $20,929.80 claimed, $11,532.28 represents the deemed trust property claim (the priority portion). Receiver seeks to distribute funds toward deemed trust claims only, ranking ahead of ordinary distribution to secured creditor RBC. — debtor: Giant Containers Inc. | $20.9K | Motion Record - dated November 6, 2025 |
| 4 | Secured | Royal Bank of Canada (RBC), successor by amalgamation to HSBC Bank Canada · in 556 casesLoan and security agreements/credit facilities advanced to Giant Containers Inc.; unlimited guarantee executed by Giant Group Canada Inc. of Giant Containers' obligations, including indebtedness under the Credit Facilities — HSBC amalgamated with RBC on March 29, 2024; RBC identified as 'the current secured lender to the Debtors' and as the secured creditor throughout the receivership. No specific outstanding balance disclosed in these pages. Receiver's Report states it is expected there will be no funds available for distribution to RBC as secured creditor after payment of priority claims and | — | Motion Record - dated November 6, 2025 |
| 8 | Unsecured | Landlord of 55 Unwin Avenue (unnamed)Landlord's name not identified in the document. — debtor: Giant Containers Inc. | $159K | Motion Record - dated November 6, 2025 |
| 8 | Unsecured | Former employees of Giant Containers Inc. (unpaid vacation, termination and severance pay)as of Service Canada Statement of Account — Identified as 'super priority' claims under sections 81.4(1) and 81.4(4) of the BIA, ranking ahead of the Receiver's Charge and ordinary unsecured/secured claims. — debtor: Giant Containers Inc. | $4K | Motion Record - dated November 6, 2025 |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
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.
Royal Bank of Canada: no distribution.EstimatedMotion Record · 6 Nov 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Securedother creditors, including the Applicant as secured creditor | Royal Bank of Canada | — | no distribution | Estimatedper the receiver | Motion Record · 6 Nov 2025 |
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 — Thornton Grout Finnigan LLP, 16 Sep – 5 Nov 2025, $10,935.00 soughtMotion Record · 6 Nov 2025
| Firm | Period | Hours | Fees | Rates | Source | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Thornton Grout Finnigan LLPCounsel to the receiver | 16 Sep – 5 Nov 2025Sought | 18.9 | $10,935.00ex. tax | $5501 person | Motion Record · 6 Nov 2025 | ||||||||||
1 person — Thornton Grout Finnigan LLP, 16 Sep – 5 Nov 2025
| |||||||||||||||
Top rate $550 · 5th percentile of counsel rates, 2025 · of 80
| Date | Document | File |
|---|---|---|
Discharge Order - dated November 18,2025
| ||
Motion Record - dated November 6, 2025
| ||
Receivership Order date September 27, 2024
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Giant Containers Inc. and Giant Group Canada Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice · Commercial List. Retrieved 20 September 2026, https://proceedings.ca/case/giant-containers-inc-and-giant-group-canada-inc