Toronto Machine & Tool Inc.
- Proceeding
- Proposalsubsection 50.4(1) of the Act
- File
- 31-2324294
- Industry
- Manufacturing · Metals & fabrication
Toronto Machine & Tool Inc. is subject to a Proposal proceeding under Division I of the Bankruptcy and Insolvency Act, and the matter remains active. The Proposal states that the company owes the Canada Revenue Agency approximately $375,193 for employee source deductions withheld but not remitted, a figure that includes penalties and interest and is recorded as of the date the Notice of Intention to Make a Proposal was filed.
Certificate of Filing of the Notice of Intention to Make a Proposal was filed. Court file 31-2324294.
Source: Certificate of Filing of the Notice of Intention to Make a Proposal
Debtor
Toronto Machine & Tool Inc.
Proposal trustee
Dodick Landau
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Deemed trusts (CRA and other) | Canada Revenue Agency (CRA) · in 985 casesas of NOI filing date — Crown claim (deemed trust); prose approximation ('approximately $375,193') — debtor: Toronto Machine & Tool Inc. | $375K | Creditors’ Package |
Unsecured creditors: a distribution. CRA paid in full.Under the plan · vote pendingProposal of Toronto Machine Tool Inc. · 5 Jan 2018
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | paid in fullvs. in a bankruptcy | Under the planvote pendingper the proposal trustee | Creditors’ Package · 11 Jan 2018 |
| Preferred | Preferred Creditors (other than Employee Preferred Claims) | — | paid in full | Under the planvote pendingper the debtor | Proposal of Toronto Machine Tool Inc. · 5 Jan 2018 |
| Unsecured | — | — | a distributionconditional | Under the planvote pendingper the debtor | Proposal of Toronto Machine Tool Inc. · 5 Jan 2018 |
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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See all plans| Date | Document | File |
|---|---|---|
Creditors’ Package
| PDF · Subscribers | |
Proposal of Toronto Machine Tool Inc.
| PDF · Subscribers | |
Certificate of Filing of the Notice of Intention to Make a Proposal
| PDF · Subscribers | |
Notice of Intention to Make a Proposal
| 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., “Toronto Machine & Tool Inc.” (Proposal), Ontario Superior Court of Justice. Retrieved 4 November 2026, https://proceedings.ca/case/toronto-machine-tool-inc