SmartONE Solutions Inc.
Follow- Proceeding
- Receivership (court-appointed)subsection 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CL-25-00753612-0000
SmartONE Solutions Inc. entered court-appointed receivership on December 11, 2025, on the application of Bell Canada, whose security rests on a Collaboration Agreement and General Security Agreement dated June 30, 2020. The Ontario Superior Court of Justice proceeding was brought under BIA s. 243 and the provincial Judicature Acts. Other secured creditors include BDC Capital Inc. ($2,100,000), Bank of Nova Scotia ($603,367), Eastern Community Futures Development Corporation ($468,752) and Steelcase Financial Services Ltd. ($8,056.44); Bell's own claim amount is not yet quantified. Book-value assets are recorded at $1,439,099.14 in accounts receivable, with inventory still to be valued. The unsecured creditor list runs to well over a hundred entries, including CRA's HST deemed-trust claim of $1,117,307, CBSA at $177,987.14, and landlord Bayview Hills Corporate-Metrus at $145,290.49.
20 earlier updates, back to 11 December 2025 — subscribers.
Case update
SmartONE: the buyer is the company that made the hardware
Bell Canada put its smart-building partner into receivership last December to keep door locks and wall pads working in 14,954 occupied condo units. Nine months, $5,550,000 in receiver's borrowings and a sale process with one qualified bid later, PwC has signed a deal with a consortium of Korean-listed companies that includes SmartONE's sole hardware supplier. The price is sealed; one condition of closing is that Bell take equity in the buyer.
Debtor
SmartONE Solutions Inc.
Applicant
Bell Canada
Receiver
PwC
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Myers | Ontario Superior Court of Justice | 3 orders, Dec 2025 | 103 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverPwC | Blake, Cassels & Graydon LLP | 25 May 2026 | Factum · 25 May 2026 |
| ApplicantBell Canada | Reconstruct LLP | 11 Dec 2025 | Order · 11 Dec 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | BDC Capital Inc. · in 30 casesApproximate amount owed per Company's books and records and PPSA registrations. — debtor: SmartONE Solutions Inc. · as of 11 Dec 2025 | $2.1M | Notice and Statement of the Receiver |
Approval pending — Receiver's motion returnable May 28, 2026 seeking an order approving the Sale ProcessSupplement to First Report of the Receiver · 27 May 2026
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
MOTION RECORD OF THE RECEIVER (Approval and Vesting Order, Assignment Order, and Order (Distribution, Sealing and Approving Activities)) Returnable September 17, 2026
| PDF · Subscribers | |
SUPPLEMENTARY MOTION RECORD OF THE RECEIVER (Approval and Vesting Order, Assignment Order, and Order (Distribution, Sealing and Approving Activities)) Returnable September 17, 2026
| PDF · Subscribers | |
Factum of the Receiver
| PDF · Subscribers | |
Second Report of the Receiver
| PDF · Subscribers | |
Endorsement of J. Conway
| PDF · Subscribers | |
| Order (approving Receiver’s activities and increase to the Receiver’s Borrowing Charge) | PDF · Subscribers | |
| Pursuant to the Sale and Investment Solicitation Process (“ SISP ”), approved by the Court on May 28, 2026, the deadline for the selection of a successful bid has been extended to August 19, 2026. The updated SISP letter with the updated deadlines is available here . | PDF · Subscribers | |
Sale Process Order
| PDF · Subscribers | |
Supplement to First Report of the Receiver
| PDF · Subscribers | |
| First Report of the Receiver | PDF · Subscribers | |
Factum of the Receiver (re Sale Process, etc.)
| PDF · Subscribers | |
| Motion Record of the Receiver (re Sale Process Order, Order Approving Receiver Borrowing Increase and Activities to Date) | PDF · Subscribers | |
| List of Unsecured Creditors | PDF · Subscribers | |
Notice and Statement of the Receiver
| PDF · Subscribers | |
| Notice of Change of Lawyer - BDC Capital Inc. | PDF · Subscribers | |
| Suppliers FAQs | PDF · Subscribers | |
| Application Record | PDF · Subscribers | |
Endorsement of J FL Myers (full)
| PDF · Subscribers | |
Endorsement of J. Myers
| PDF · Subscribers | |
Notice of Application
| PDF · Subscribers | |
Receivership Order
| PDF · Subscribers | |
| here | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “SmartONE Solutions Inc.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/smartone-solutions-inc