TAG Gallipeau Corporation
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
- Industry
- Real estate · Rental & income property
TAG Gallipeau Corporation has been under court-appointed receivership since August 1, 2025, on an application grounded in s. 243 of the BIA and provincial Judicature Act powers. The proceeding follows the maturity of the Westboro Mortgage on March 1, 2022 without renewal; Westboro demanded $3,928,451.85 by March 18, 2022 and, by a payout statement dated September 15, 2025, claimed $6,928,180.33 as at September 29, 2025 plus per diem interest of $1,914.74. Westboro also says it has spent in excess of $1,035,000 on property taxes, added to the debt. Independent counsel at Cassels has opined that the Westboro mortgage and assignment of rents are valid and enforceable, and Westboro is described as facing a possible shortfall on the transaction before the court. Charges held by related party E.T.I. Investments Limited and by Vista Credit rank behind Westboro by registered postponements. The Town of Smiths Falls certified $312,422.03 outstanding in taxes, water arrears and penalties as at March 8, 2022, and building orders registered in December 2019 remain on title.
Debtor
TAG Gallipeau Corporation
Applicant
Westboro Management Ltd.
Receiver
TDB Restructuring
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 3 orders, Sep 2025 | 198 cases on record |
| Justice Kimmel | Ontario Superior Court of Justice | 2 orders, Aug 2025 | 198 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverTDB Restructuring | Cassels Brock & Blackwell LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| ApplicantWestboro Management Ltd. | Chaitons LLP | 1 Aug 2025 | Order · 1 Aug 2025 |
| DebtorTAG Gallipeau Corporation | Edward Conway, Barrister and Solicitor · Kelly Santini LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| Purchaser | Howard Kelford LLP | 15 Sep 2025 | Service list · 15 Sep 2025 |
| CreditorE.T.I Investments Limited and Estate of Graham Hall | Simmonds Law | 15 Sep 2025 | Service list · 15 Sep 2025 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | Westboro Management Ltd. and Westboro Mortgage Investment LPCharge/Mortgage registered on title Nov 22, 2016, original registered principal $3,500,000; increased to $4,000,000 by notice registered July 7, 2017 and to $4,500,000 by notice registered Sept 12, 2017 (the "Westboro Mortgage"); also a Notice of Assignment of Rents ("Westboro GAR") registered against the Real Property — Amount is the balance per Westboro's Payout Statement dated Sept 15, 2025, plus per diem interest of $1,914.74 thereafter. Prose in the First Report identifies Westboro as 'the primary secured creditor'. Personal guarantees of the Westboro Mortgage were given by principals Jos · as of 29 Sep 2025 | $6.93M | First Report of the Receiver dated September 15, 2025 |
| Secured | |||
| Secured | |||
| Secured |
3 more claims in 1 class The stack holds Secured claims.
Every creditor and every amount, drawn to scale.
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See all plansThis 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.
Westboro: shortfall.First Report of the Receiver · 15 Sep 2025
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Westboro | — | shortfall | per the receiver | First Report of the Receiver · 15 Sep 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.
2 engagements · 1 firm — latest: Cassels Brock & Blackwell LLP, 30 Jun – 15 Sep 2025, incl. taxFirst Report of the Receiver · 15 Sep 2025
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Cassels Brock & Blackwell LLPCounsel to the receiverperiod 2 of 2 | 30 Jun – 15 Sep 2025 | — | First Report of the Receiver · 15 Sep 2025 | ||
| Cassels Brock & Blackwell LLPCounsel to the receiverperiod 1 of 2 | — | — | — | Motion Record of the Receiver · 15 Sep 2025 |
3 blurred figures above
What the firm billed — each as the filing states it, with its source.
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See all plans| Date | Document | File |
|---|---|---|
Approval and Vesting Order dated September 25, 2025
| PDF · Subscribers | |
Distribution and Discharge Order dated September 25, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Black dated September 25, 2025
| PDF · Subscribers | |
First Report of the Receiver dated September 15, 2025
| PDF · Subscribers | |
Motion Record of the Receiver dated September 15, 2025
| PDF · Subscribers | |
Service List dated September 15, 2025
| PDF · Subscribers | |
Appointment Order dated August 1, 2025
| PDF · Subscribers | |
Endorsement of the Honourable Justice Kimmel dated August 1, 2025
| PDF · Subscribers | |
Application Record Returnable August 1, 2025
| 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., “TAG Gallipeau Corporation” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/tag-gallipeau-corporation