The Imagination Tree Childcare Centre Inc.
- Proceeding
- NOIsubsection 50.4 (1) of the Bankruptcy and Insolvency Act
- File
- 25-3348670
- Industry
- Education & non-profit · Childcare
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 985 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 | |||
| 8 | Unsecured |
2 more claims in 1 class The stack holds Deemed trusts (CRA and other) and Unsecured claims.
Every creditor and every amount, drawn to scale.
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See all plansUnsecured creditors: paid in full. CRA paid in full.Under the planTrustee's Preliminary Report · 20 Apr 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | paid in fullconditional | 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.
1 blurred figure above
The claims and what each class or creditor recovers — each as the filing states it, with its source.
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The total the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
Creditor Package
| PDF · Subscribers | |
Trustee's Preliminary Report
| PDF · Subscribers | |
Notice of Intention
| 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., “The Imagination Tree Childcare Centre Inc.” (NOI). Retrieved 4 November 2026, https://proceedings.ca/case/the-imagination-tree-childcare-centre-inc