TLC Vision (Canada) Corp.
- Proceeding
- Proposalsection 50.4(9) of the Bankruptcy and Insolvency Act (Canada)
- File
- 31-2663467
- Industry
- Health care · Clinics & medical practices
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.
The court granted an approval and vesting order for the sale to VGC Group LP. Closing terms, as extracted: Vesting effective upon delivery of the Proposal Trustee's Certificate confirming payment of Purchase Price and satisfaction of closing conditions.
Interim order granted on Friday, August 14, 2020, the date the Division I proposal proceedings commenced in Ontario under court file 31-2663467.
Filing made in the Ontario Superior Court of Justice under file 31-2663467, opening TLC Vision (Canada) Corp.'s Division I proposal proceeding, with commencement recorded as August 14, 2020.
Source: Motion Record of the Applicant
Debtor
TLC Vision (Canada) Corp.
Proposal trustee
GlassRatner
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Koehnen | Ontario Superior Court of Justice | 3 orders, Aug 2020 | 83 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| DebtorTLC Vision (Canada) Corp. | Weisz Fell Kour LLP | 14 Aug 2020 | Order · 14 Aug 2020 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | CRA - Tax - Ontario (830277851RP0001) · in 259 casesdeemed trust / CRA claim — debtor: TLC Vision (Canada) Corp. · as of 7 Aug 2020 | $251 | Holding Proposal Creditors Package |
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
49 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 plansSale 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… |
As at ·
The 2 totals the debtor stated at filing
Each one as the filing states it, with its source.
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See all plans| 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 4 November 2026, https://proceedings.ca/case/tlc-vision-canada-corp