TLC Vision (Canada) Corp.
Follow- Proceeding
- Proposalsection 50.4(9) of the Bankruptcy and Insolvency Act (Canada)
- File
- 31-2663467
TLC Vision (Canada) Corp. is proceeding under Division I of the Bankruptcy and Insolvency Act in the Ontario Superior Court of Justice in Bankruptcy and Insolvency (Commercial List), court file 31-2663467, with an August 11, 2020 filing and commencement recorded as August 14, 2020. The Statement of Affairs (Form 78), as at August 7, 2020, reports total assets of $12,166,673.00 against total liabilities of $7,325,570.21, leaving a surplus of $4,841,102.79, and lists no secured creditors. Unsecured claims are dominated by the Canada Revenue Agency, including a $6,321,936.00 deemed trust claim, followed by AMO Canada Company at $490,721.56, The Manufacturers Life Insurance Company at $183,874.00, and Alcon Canada Inc. claims of $97,072.04 and $81,218.98. Employee claims total $41,206.00. The proceeding remains active.
Interim order granted on Friday, August 14, 2020, the date the Division I proposal proceedings commenced in Ontario under court file 31-2663467.
5 earlier updates, back to 14 August 2020 — subscribers.
Debtor
TLC Vision (Canada) Corp.
Proposal trustee
GlassRatner
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Preferred (BIA s. 136) | Various Employees · in 37 casesAggregate employee claims listed by the officer in List A unsecured (no individual names); List C preferred was left empty. — debtor: TLC Vision (Canada) Corp. · as of 7 Aug 2020 | $41.2K | NOI Creditors Package |
Sale approvedOrder of Justice Koehnen (Approval & Vesting Order) · 14 Aug 2020
| Purchaser | Price | Status | Source |
|---|---|---|---|
| VGC Group LPthe Debtor's right, title and interest in and to the Purchased Assets · asset sale · agreement 9 Aug 2020 | not stated | Approved14 Aug 2020 | Order of Justice Koehnen (Approval & Vesting… |
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
| Date | Document | File |
|---|---|---|
Holding Proposal Creditors Package
| PDF · Subscribers | |
| Certificate of Filing of a Proposal | PDF · Subscribers | |
Endorsement of Justice Koehnen
| PDF · Subscribers | |
Order of Justice Koehnen (Approval & Vesting Order)
| PDF · Subscribers | |
Order of Justice Koehnen (Extension Order)
| PDF · Subscribers | |
NOI Creditors Package
| PDF · Subscribers | |
Motion Record of the Applicant
| PDF · Subscribers | |
| Certificate of Filing of a NOI | 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., “TLC Vision (Canada) Corp.” (Proposal), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/tlc-vision-canada-corp