XTM Inc. (CSE:PAID) and Everyday People Payments Inc.
FollowActive
- Proceeding
- CCAACompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- File
- CL-26-00000084-0000
Filings held62
Last activity17 Sep 2026
On the record206 days
Secured debt$2.57K
OverviewSummary updated
XTM Inc. (CSE:PAID) and Everyday People Payments Inc. have been under CCAA protection since February 27, 2026, with the stay of proceedings extended in stages — expiries recorded at March 9, April 10 and July 10, 2026, and extensions to July 31 and then September 4, 2026 — alongside further orders dated March 9, April 10, July 3 and July 29, 2026. The consolidated group, which includes XTM USA Inc., QRails Inc., QRails Limited and QRails Ireland Ltd., reported approximately $55.9 million in assets against approximately $95.9 million in liabilities as at September 30, 2025, with negative working capital of approximately $39.9 million and a shortfall between restricted cash and program deposit obligations of approximately $18.96 million, up from approximately $13.96 million at December 31, 2024. Pateno Payments Inc., XTM's primary secured creditor under a January 1, 2025 demand loan agreement and April 28, 2025 general security agreement, is the proposed DIP lender.
Proceedings AIAsk this case — answers cite the filings
Case updates63 dated entries
#Report
The Monitor filed a supplement to its Sixth Report on September 1, 2026.
Source: Supplement to Sixth Report of the Monitor - The Fuller Landau Group Inc - 01-SEPT-2026
#Report
Sixth Report of the Monitor - The Fuller Landau Group Inc - 28-AUG-2026 — Court officer report
#Order
Justice W.D. Black extended the stay to September 4, 2026 by order of July 29, 2026.
Source: Order (Stay Extension) - XTM Inc. v. RBC et al - (CL-26-00000084-0000) - Black J. - July 29 2026
#Report
Fifth Report of the Monitor - The Fuller Landau Group Inc - 24-JUL-2026 — Court officer report
#Order
By order of July 3, 2026 the stay was extended to July 31, 2026.
Source: Stay Extension Order (signed) - 02-July-26(93945013.1)
#Filing
Amended and Restated Aide Memoire of the Banks (June 26 Hearing) - 22-JUN-2026 — Application / notice of application
#Filing
Motion Record (Post-Filing Chargeback Recovery) - May 2020, 2026 — Application / notice of application
#Order
The stay was extended to July 10, 2026.
Source: Second Amended and Restated Initial Order April 10, 2026
#Filing
XTM Inc. and Everyday People Payments Inc. filed their application for protection under the Companies' Creditors Arrangement Act, court file CL-26-00000084-0000.
Source: Application Record
#Order
The court granted the initial order under the Companies' Creditors Arrangement Act, appointing The Fuller Landau Group Inc. as monitor, with a stay to March 9, 2026.
Source: Initial Order
#Order
XTM Inc. (CSE:PAID) and Everyday People Payments Inc. — CCAA filed, Alberta.
Source: Initial Order
AnalysisAll insights
Filing brief
XTM: a float of other people's tips
XTM's EveryDay Platform paid gratuities to hospitality workers in real time, funded by merchants' pre-authorized debits into a float XTM held. By September 2025 that float was short approximately $18.75 million, for reasons still not determined. On July 6 Justice Black decided who bears $1.5 million of chargebacks taken after the stay — and largely preferred the banks.
Case update
XTM: the chargebacks were paid with other merchants' money
A payments platform that held restaurants' funds to load workers' cards ran a $18.75 million deficit against those funds. In January a partner reset every merchant's displayed wallet balance to zero, without notice. Merchants began charging back — and because there was no cash behind the wallets, each clawback came out of the settlement account holding everyone else's money. The monitor now wants it returned, and most of the respondents are pubs answering by email.
Parties
Debtor
XTM Inc. (CSE:PAID) and Everyday People Payments Inc.
Monitor
Fuller Landau
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Black | Ontario Superior Court of Justice | 13 orders, Feb 2026 – Sep 2026 | 176 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFuller Landau | Rothstein LLP | 22 Jun 2026 | Application · 22 Jun 2026 |
| ApplicantXTM Inc. (CSE:PAID) and Everyday People Payments Inc. | Miller Thomson LLP | 27 Feb 2026 | Order · 27 Feb 2026 |
| Interim lenderPateno Payments Inc | Aird & Berlis LLP | 31 May 2026 | Service list · 29 Jul 2026 |
| CreditorBank of Canada | Torys LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorCalgary Sports and Entertainment Corporation | Blake, Cassels & Graydon LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorDin Tai Fung (Vancouver) Restaurant Inc | Dentons Canada LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorFidelity National Information Services, Inc | BAKER & McKENZIE LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorGary Wilson, Nancy Avison, Katherine Wilson and Harrison Gouinlock | Dentons Canada LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorGoogle | Torys LLP | 1 Sep 2026 | Service list · 1 Sep 2026 |
| CreditorLone Star Group of Companies Ltd | McMillan LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorMarilyn Schaffer | Singleton Urquhart Reynolds Vogel LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorRoyal Bank of Canada, Canadian, Imperial Bank of Commerce, Bank of Montreal, The Bank of Nova Scotia, The Toronto- Dominion, Bank, National Bank | Blake, Cassels & Graydon LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
| CreditorVeranda at Stables Inc | Parlee McLaws LLP | 29 Jul 2026 | Service list · 29 Jul 2026 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesDeemed trust class (statutory remittance obligation); outstanding source deductions (employee withholdings and employer remittances), stated as approximate ('approximately $226,683') as of the date of the Affidavit — debtor: XTM Inc. · as of 26 Feb 2026 | $227K | Application Record |
| 4 | Secured | His Majesty in Right of Ontario, represented by the Minister of Finance · in 6 casesPPSA registration — Also listed as 'Secured Creditor' on the proceeding's Service List — debtor: XTM Inc. · as of 12 Feb 2026 | $2.57K | Application Record |
| 4 | Secured | Pateno Payments Inc.PPSA registrations (3) identified in the XTM PPSA Search (file currency Feb 12, 2026); one registration also names DC Bank and Pateno Payments USA Limited as secured parties; General Security Agreement referenced at Tab S — No dollar balance disclosed on these pages; Pateno is described elsewhere as the Applicants' 'primary secured creditor' (unquantified) and also acts as the proposed DIP Lender in the CCAA proceeding; a separate secured demand loan agreement (effective Jan 1, 2025) provides a revolving credit facility with a stated principal ceiling of up to $13,000,000 (facility limit, not · as of 12 Feb 2026 | — | Application Record |
| 8 | Unsecured | Individual MerchantsIndeterminate amounts believed to total approximately $18.9M in aggregate; no individual merchants named — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $18.9M | XTM Creditor Listing - Final |
| 8 | Unsecured | Fidelity Information Services - FISdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $3.39M | XTM Creditor Listing - Final |
| 8 | Unsecured | Keith McKenziedebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $3.14M | XTM Creditor Listing - Final |
| 8 | Unsecured | Pateno Payments Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $3M | XTM Creditor Listing - Final |
| 8 | Unsecured | Alpha Managementdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $2M | XTM Creditor Listing - Final |
| 8 | Unsecured | 1506256 B.C. LTD. (o/a Fundsifi)debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.61M | XTM Creditor Listing - Final |
| 8 | Unsecured | Daniel Reversdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $794K | XTM Creditor Listing - Final |
| 8 | Unsecured | Paul and/or Michele Paterson, JTWROSdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $705K | XTM Creditor Listing - Final |
| 8 | Unsecured | MNP LLP · in 63 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $690K | XTM Creditor Listing - Final |
| 8 | Unsecured | 141552 Canada Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $686K | XTM Creditor Listing - Final |
| 8 | Unsecured | Quorum Limiteddebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $510K | XTM Creditor Listing - Final |
| 8 | Unsecured | Marilyn Schafferdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $472K | XTM Creditor Listing - Final |
| 8 | Unsecured | Spacely Enterprises Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $444K | XTM Creditor Listing - Final |
| 8 | Unsecured | Gowling WLG · in 33 casesSecond, separate entry for Gowling WLG appears later at $60,000.00 - possibly distinct matter/capacity — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $355K | XTM Creditor Listing - Final |
| 8 | Unsecured | Joyce Karpiukdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $332K | XTM Creditor Listing - Final |
| 8 | Unsecured | VoPay Internationaldebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $291K | XTM Creditor Listing - Final |
| 8 | Unsecured | IDContext Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $291K | XTM Creditor Listing - Final |
| 8 | Unsecured | Donald Bayerdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $267K | XTM Creditor Listing - Final |
| 8 | Unsecured | Dorsey & Whitney LLP · in 6 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $241K | XTM Creditor Listing - Final |
| 8 | Unsecured | The 111 Kingsview Family Trustdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $214K | XTM Creditor Listing - Final |
| 8 | Unsecured | Vizual Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $208K | XTM Creditor Listing - Final |
| 8 | Unsecured | Keith Nugaradebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $201K | XTM Creditor Listing - Final |
| 8 | Unsecured | Paul Malisdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $193K | XTM Creditor Listing - Final |
| 8 | Unsecured | Mike McDonalddebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $191K | XTM Creditor Listing - Final |
| 8 | Unsecured | 2054933 Ontario Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $174K | XTM Creditor Listing - Final |
| 8 | Unsecured | David Widmandebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $157K | XTM Creditor Listing - Final |
| 8 | Unsecured | John Barbieri and Carmelita Barbieridebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $157K | XTM Creditor Listing - Final |
| 8 | Unsecured | Payroll · in 3 casesVarious employees and contractors; not individually named — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $151K | XTM Creditor Listing - Final |
| 8 | Unsecured | Ninja Partners LLCdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $149K | XTM Creditor Listing - Final |
| 8 | Unsecured | Fredrick Corpdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $129K | XTM Creditor Listing - Final |
| 8 | Unsecured | Malis Medicine Professional Corp.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $113K | XTM Creditor Listing - Final |
| 8 | Unsecured | Ministry of Finance - Ontario - EHTOntario Employer Health Tax — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $101K | XTM Creditor Listing - Final |
| 8 | Unsecured | Broadview Technology Ltddebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $86.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Tanya Jamieson-Malisdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $75.7K | XTM Creditor Listing - Final |
| 8 | Unsecured | CRA - HST PayableDeemed trust class (HST payable to CRA) — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $74.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | Christopher Fosterdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $72.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | RBC Visa · in 7 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $65.6K | XTM Creditor Listing - Final |
| 8 | Unsecured | Steven and/or Nancy Cuddie, JTWROSdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $64.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | MRA Lawdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $61.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Gowling WLG · in 33 casesSecond, separate entry for Gowling WLG; first entry at $355,125.54 on page 1 - possibly distinct matter/capacity — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $60K | XTM Creditor Listing - Final |
| 8 | Unsecured | Government of Canada - CEBA LoanCanada Emergency Business Account loan — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $60K | XTM Creditor Listing - Final |
| 8 | Unsecured | Red Cloud Securities Incdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $60K | XTM Creditor Listing - Final |
| 8 | Unsecured | Erba Investment Groupdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $56.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | Nancy Avisondebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $56.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | Gary Wilsondebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $56.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | Donald MacLeandebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $55.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Lukshmanan Kumardebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $53.9K | XTM Creditor Listing - Final |
| 8 | Unsecured | Kittyhawk Ventures Three LPdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $53.9K | XTM Creditor Listing - Final |
| 8 | Unsecured | Robinson Investments Incdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $51K | XTM Creditor Listing - Final |
| 8 | Unsecured | Angus Walkerdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $51K | XTM Creditor Listing - Final |
| 8 | Unsecured | a numbered consulting corporationdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $45.5K | XTM Creditor Listing - Final |
| 8 | Unsecured | Michael Chungdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $43.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | Harrison Gouinlockdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $43.2K | XTM Creditor Listing - Final |
| 8 | Unsecured | Peter Simeondebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $43.2K | XTM Creditor Listing - Final |
| 8 | Unsecured | Robert Half · in 10 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $42.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | Katherine Wilsondebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $42.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Jerry Cukier Professional Corpdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $40.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | Business Wire · in 4 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $37.5K | XTM Creditor Listing - Final |
| 8 | Unsecured | Imperial PFS · in 2 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $33.5K | XTM Creditor Listing - Final |
| 8 | Unsecured | TSX Trust Company · in 14 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $31K | XTM Creditor Listing - Final |
| 8 | Unsecured | Briar Fosterdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $25.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Epicor Software Canada Ltd. (o/a Grow) · in 4 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $24.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Eun-Joo (Ann) Chungdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $23.9K | XTM Creditor Listing - Final |
| 8 | Unsecured | Arroweye Solutions Incdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $23.6K | XTM Creditor Listing - Final |
| 8 | Unsecured | Toronto Carpet Factorydebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $23.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Seyfarth Shaw LLP · in 2 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $21.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | Drop Technologies Inc. · in 2 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $21.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Jose (Joe) Pavaodebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $21K | XTM Creditor Listing - Final |
| 8 | Unsecured | Héctor Gabriel Rodríguez Vareladebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $20.8K | XTM Creditor Listing - Final |
| 8 | Unsecured | CRIS Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $19.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Sunlife Financial Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $18.6K | XTM Creditor Listing - Final |
| 8 | Unsecured | The Siegel Law Firm, P.C.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $18K | XTM Creditor Listing - Final |
| 8 | Unsecured | JR Consulting Group Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $16.9K | XTM Creditor Listing - Final |
| 8 | Unsecured | Cynia I. Padilladebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $16.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | P-TRES GROUPdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $16.2K | XTM Creditor Listing - Final |
| 8 | Unsecured | Jonathan Luytendebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $14.6K | XTM Creditor Listing - Final |
| 8 | Unsecured | EZ Simdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $14.1K | XTM Creditor Listing - Final |
| 8 | Unsecured | Refinitiv Canada Holdings Ltddebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $13.9K | XTM Creditor Listing - Final |
| 8 | Unsecured | KPMG LLP · in 51 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $13.5K | XTM Creditor Listing - Final |
| 8 | Unsecured | BetterOps LLC (o/a Hireframe)debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $11.5K | XTM Creditor Listing - Final |
| 8 | Unsecured | Third Street Labsdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $11.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Purves Redmond Limited · in 2 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $10.3K | XTM Creditor Listing - Final |
| 8 | Unsecured | Lexisnexis Epicdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $10.2K | XTM Creditor Listing - Final |
| 8 | Unsecured | Odyssey Trust Company · in 16 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $9.89K | XTM Creditor Listing - Final |
| 8 | Unsecured | The BitCrew Corporationdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $8.89K | XTM Creditor Listing - Final |
| 8 | Unsecured | Adam Atlas Attorney's at Lawdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $8.84K | XTM Creditor Listing - Final |
| 8 | Unsecured | Equifax Canada Co. · in 4 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $8.39K | XTM Creditor Listing - Final |
| 8 | Unsecured | Cassels Brock & Blackwell LLP · in 22 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $8.29K | XTM Creditor Listing - Final |
| 8 | Unsecured | Emek Group Ltddebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $7.12K | XTM Creditor Listing - Final |
| 8 | Unsecured | Oak Hill Financialdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $7.06K | XTM Creditor Listing - Final |
| 8 | Unsecured | Velocity Trade Capital Ltd.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $7K | XTM Creditor Listing - Final |
| 8 | Unsecured | 2378608 Ontario Incdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $6.78K | XTM Creditor Listing - Final |
| 8 | Unsecured | RTB LLP · in 2 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $6.62K | XTM Creditor Listing - Final |
| 8 | Unsecured | Mitchell Sandler LLCdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $5.62K | XTM Creditor Listing - Final |
| 8 | Unsecured | 80Eightdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $5.51K | XTM Creditor Listing - Final |
| 8 | Unsecured | Canadian Securities Exchange · in 9 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $5.4K | XTM Creditor Listing - Final |
| 8 | Unsecured | Ministry of Finance - MB - PSTManitoba PST — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $4.68K | XTM Creditor Listing - Final |
| 8 | Unsecured | Google LLC - GOOGLE*GSUITEdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $4.56K | XTM Creditor Listing - Final |
| 8 | Unsecured | SelectCore Communications (ACH)debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $4.15K | XTM Creditor Listing - Final |
| 8 | Unsecured | Jessika Francisdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $4.11K | XTM Creditor Listing - Final |
| 8 | Unsecured | Ministry of Finance - SK - PSTSaskatchewan PST — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $3.71K | XTM Creditor Listing - Final |
| 8 | Unsecured | Schwarz Law Partners LLPdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $3.39K | XTM Creditor Listing - Final |
| 8 | Unsecured | Thang Trinhdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $2.92K | XTM Creditor Listing - Final |
| 8 | Unsecured | Ministry of Finance - BC - PSTBritish Columbia PST — debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $2.68K | XTM Creditor Listing - Final |
| 8 | Unsecured | Sherrard Kuzz LLP · in 4 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $2.19K | XTM Creditor Listing - Final |
| 8 | Unsecured | KRK Holdings, Inc.debtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $2.02K | XTM Creditor Listing - Final |
| 8 | Unsecured | Abu-Farah Professional Corporationdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.95K | XTM Creditor Listing - Final |
| 8 | Unsecured | Federal Express Canada Corporation · in 18 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.84K | XTM Creditor Listing - Final |
| 8 | Unsecured | De Lage Landen Financial Services Canada · in 8 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.72K | XTM Creditor Listing - Final |
| 8 | Unsecured | Sterling Backcheck · in 6 casesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.56K | XTM Creditor Listing - Final |
| 8 | Unsecured | Beanfield Technologiesdebtor: XTM Inc. and Everyday People Payments Inc. · as of 27 Feb 2026 | $1.24K | XTM Creditor Listing - Final |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
RecoveriesAs stated in the filings
Unsecured creditors: 100 %.EstimatedSixth Report of the Monitor - The Fuller Landau Group Inc - 28-AUG-2026 · 28 Aug 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Unsecured | Convenience Class Merchants | — | 100 %conditional | Estimatedper the monitor | Sixth Report of the Monitor - The Fuller Landau Group Inc - 28-AUG-2026 · 28 Aug 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.
Estate financialsReported figures — never derived
Total assets at filing$55.9M
Total liabilities at filing$95.9M
As at 30 Sep 2025 · per 2025 Q3 Interim Financial Statements (unaudited); prior-year comparative figures from 2024 Audited Financial Statements referenced for the restricted-cash shortfall · Consolidated - XTM Inc. and its wholly owned subsidiaries (XTM USA Inc., QRails Inc., QRails Limited, QRails Ireland Ltd.) — Figures are approximate as stated ('approximately $55.9 million' / 'approximately $95.9 million'). Current assets ~$54.9M, long-term assets ~$1.0M; current liabilities ~$94.8M. Negative working capital of ~$39.9 million reported as at September 30, 2025. A 'Shortfall' between restricted cash and program deposit obligations was ~$18.96 million as at September 30, 2025 (vs. ~$13.96 million at December 31, 2024, per Note 24 to the 2024 Audited Financial Statements).
Documents
62 filings
| Date | Document | File |
|---|---|---|
XTM Service List as at Sept 17, 2026
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Ancillary Order
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| Approval and Vesting Order | ||
Supplement to Sixth Report of the Monitor - The Fuller Landau Group Inc - 01-SEPT-2026
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| XTM Factum - Aug 30-26 | ||
XTM Service List Sept 1, 2026
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Sixth Report of the Monitor - The Fuller Landau Group Inc - 28-AUG-2026
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| XTM Motion Record - 26-Aug-26 | ||
XTM Service List as at August 20, 2026
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Order (Stay Extension) - XTM Inc. v. RBC et al - (CL-26-00000084-0000) - Black J. - July 29 2026
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XTM INC. et al - CL-26-00000084-0000 - Black J. - Endorsement
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XTM Service List as at July 29, 2026
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| 94450709_1_Factum - (Final as served - July 27-26) | ||
| Fifth Report of the Monitor - The Fuller Landau Group Inc - 24-JUL-2026 | ||
| Motion Record of the Applicant | ||
| XTM - Endorsement July 6, 2026 re Chargeback motion | ||
XTM Inc. et al-Order (Recovery Post-Filing Chargebacks)-06JUL2026-Black J
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ENDORSEMENT - of Justice Black dated July 3 2026(93945532.1)
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Stay Extension Order (signed) - 02-July-26(93945013.1)
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| Factum of the Applicants | ||
| Monitor's Fourth Report | ||
| Motion Record | ||
| Aide Memoire - DIP Lender - Pateno Payments Inc. - 23-JUN-2026 | ||
Reply Factum - The Monitor - 23-JUN-2026
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Amended and Restated Aide Memoire of the Banks (June 26 Hearing) - 22-JUN-2026
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| Ari_Restaurant_Responding_Factum_June19_2026 | ||
| Joint Factum - Respondents - DTF and FMI - 19-JUNE-2026 | ||
| Merchant/Respondent Service List | ||
| Second Supplement to the Third Report - The Monitor - 11-JUN-2026 | ||
| SISP - Notice to Bidders Regarding Bid Deadline Extension | ||
| Endorsement | ||
Endorsement – dated 2026-06-01
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Aide Memoire of the DIP Lender
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| Supplement to the Monitor's Third Report | ||
| Aide Memoire of the Banks | ||
| Draft Order of the Monitor | ||
| Factum - The Monitor - 28-MAY-2026 | ||
| Monitor's Third Report | ||
| Motion Record (Post-Filing Chargeback Recovery) - May 2020, 2026 | ||
XTM Inc Endorsement signed Justice Black May 15, 2026
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Commercial List Endorsement April 10, 2026
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Second Amended and Restated Initial Order April 10, 2026
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ancillary Approvals Order April 10, 2026
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| Factum of the Applicants (08-APR-2026)(92244857.1) | ||
| Second Report of the Monitor - 08-APR-2026 | ||
| Motion Record - Applicants - 05-APR-26(92175319.1) | ||
CRO Appointment Order
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| Factum of the Applicants – dated 2026-03-31 | ||
| Motion Record – dated 2026-03-30 | ||
ARIO signed Justice Black Mar 9, 2026
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Endorsement signed Justice Black Mar 9, 2026
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| Supplement to the First Report of the Monitor - Final | ||
| Factum of the Applicants – dated 2026-03-06 | ||
| Monitor's First Report | ||
| Motion Record of the Applicants | ||
| Notice to Creditors | ||
Application Record
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Endorsement – dated 2026-02-27
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| Factum of the Applicants – dated 2026-02-27 | ||
Initial Order
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Pre-Filing Report of the Proposed Monitor
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XTM Creditor Listing - Final
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “XTM Inc. (CSE:PAID) and Everyday People Payments Inc.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/xtm-inc-cse-paid-and-everyday-people-payments-inc