The Imagination Tree Childcare Centre Inc.
Follow- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 25-3348670
The Imagination Tree Childcare Centre Inc. filed a Notice of Intention to Make a Proposal under BIA s. 50.4. The Trustee's Report on Preliminary Administration, as at April 20, 2026, records total assets of $117,026.64 in book value, all noted as encumbered in favour of the Canada Revenue Agency. CRA holds a deemed trust claim of $610,247.26 ranking as a first charge on all assets under s.60(1.1) BIA; a PPSA search found no registered security interests against the company. Unsecured creditors total $19,717.10, comprising a $18,700.00 rent-arrears claim from Cantana Investments Limited c/o Hart Browning Management and a $1,017.10 unsecured residual portion of CRA's claim.
Debtor
The Imagination Tree Childcare Centre Inc.
Proposal trustee
Hudson & Company Insolvency Trustees
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesas of proof of claim filed (subsequent to NOI filing) — Statutory deemed trust / first charge on all assets pursuant to s.60(1.1) BIA (not a registered PPSA security interest) — Deemed trust claim (quasi-governmental, priority class) ranking ahead of all other creditors. Prior prose estimate in Proposal summary was $610,247.46 (100% of CRA's 'current claim' at filing) — the exact proof-of-claim figure of $610,247.26 is used as the amount. Separately, the Trustee's PPSA search 'notes there are no security interests registered' against the Company — i.e., no conventional registered secured credi | $610K | Trustee's Preliminary Report |
| 8 | Unsecured | Cantana Investments Limited c/o Hart Browning ManagementLandlord rent-arrears claim; potential additional claim under s.136(f) BIA capped at realization from assets on the leased premises and contingent on/subordinate to the CRA deemed trust claim. — debtor: The Imagination Tree Childcare Centre Inc. | $18.7K | Trustee's Preliminary Report |
| 8 | Unsecured | Canada Revenue Agency (unsecured portion, RP account) · in 926 casesUnsecured residual of CRA's claim, distinct from CRA's deemed trust claim under s.60(1.1) BIA reported separately as a secured/priority claim. — debtor: The Imagination Tree Childcare Centre Inc. | $1.02K | Trustee's Preliminary Report |
Unsecured creditors: paid in full of proven claims. CRA paid in full.Under the planTrustee's Preliminary Report · 20 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | paid in full$610Kconditional | Under the planper the trustee | Trustee's Preliminary Report · 20 Apr 2026 |
| Preferred | — | — | paid in fullconditional | Under the planper the debtor | Creditor Package · 20 Apr 2026 |
| Unsecured | — | — | paid in full | Under the planper the trustee | Trustee's Preliminary Report · 20 Apr 2026 |
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.
As at 20 Apr 2026 · per Trustee's Report on Preliminary Administration — Financial Position statement (book values, all assets noted as 'encumbered CRA') · Single entity: The Imagination Tree Childcare Centre Inc. — Document itemizes liabilities as (i) CRA deemed trust claim of $610,247.26 (priority, first charge on all assets), and (ii) unsecured creditors totaling $19,717.10; no consolidated total liabilities figure is stated, so it is not computed here per reporting rules. The Trustee states there are 'no security interests registered' against the Company (PPSA search), i.e., no registered secured creditors beyond the statutory CRA deemed trust.
| Date | Document | File |
|---|---|---|
Creditor Package
| ||
Trustee's Preliminary Report
| ||
Notice of Intention
| ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “The Imagination Tree Childcare Centre Inc.” (NOI). Retrieved 20 September 2026, https://proceedings.ca/case/the-imagination-tree-childcare-centre-inc