Ontario · Receivership (court-appointed)
First Report of the Receiver dated January 14, 2026
Court officer report · 14 January 2026
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What we verified from this filing7 verified
- secured creditorsnote: Primary secured creditor; balance as set out in the Inman Affidavit, plus accruing interest and costs · page: 7 · as of: 2025-07-09 · amount: 8354905.81 · debtor: 14713737 Canada Inc. · creditor: Farm Credit Canada (FCC) · currency: CAD · security: Registered mortgage security against the Real Property and a security interest under the PPSA in respect of personal property
- financial positionnote: The Receiver states 'the Receiver is not aware of any unsecured creditors of the Company' but cannot confirm same until Books and Records are provided and a claims process (if necessary) is implemented (page 8). CRA balances owing, if any, are unknown - CRA had not yet responded to the Receiver's inquiry as of the report date (page 8). Only material asset identified is the Real Property; Receiver unable to confirm whether other material assets exist due to lack of Books and Records (page 7). · page: 8 · basis: Receiver's report; Books and Records largely outstanding · scope: 14713737 Canada Inc. (entity level) · currency: CAD
- secured creditorsnote: Blanket registrant; amount not stated in document · page: 8 · debtor: 14713737 Canada Inc. · creditor: 159191 Canada Inc. · currency: CAD · security: PPSA registration against the Company
- secured creditorsnote: Total unpaid property taxes including interest and penalties; $23,674.75 due for 2025 tax year and $33,413.83 due from previous tax years (components, not summed by document beyond stated total); taxes continue to accrue · page: 8 · as of: 2025-05-15 · amount: 57088.58 · debtor: 14713737 Canada Inc. · creditor: City of Milton (Realty Taxes) · currency: CAD · security: Municipal property tax lien on the Real Property
- secured creditorsnote: Blanket registrant; amount not stated in document · page: 8 · debtor: 14713737 Canada Inc. · creditor: Canadian Western Bank · currency: CAD · security: PPSA registration against the Company
- fee scheduleengagements: form: prose · rows: · money: fees: quote: total fees of $67,980.00 (exclusive of applicable taxes) · amount: 67980 · approximate: false · disbursements: quote: the Receiver's disbursements were $20,373.63 (exclusive of applicable taxes) · amount: 20373.63 · period: end: 2025-12-31 · kind: invoice · label: Period · quote: during the period from August 22, 2025 to December 31, 2025 Period · start: 2025-08-22 · approval: state: unstated · averages: rate: 475.72 · quote: The average hourly rate billed by the Receiver during the Period is $475.72. · currency: · invoices: · firm text: Albert Gelman Inc. · firm quote: This first report (' First Report ') is filed by Albert Gelman Inc. (' AGI ') , in its capacity as receiver · hours total: quote: The Receiver's fees encompass 142.9 hours at an average hourly rate of approximately $475.72 · value: 142.9 · context quote: in its capacity as receiver (in such capacity, the ' Receiver ') appointed, without security, over all of the assets; form: prose · rows: · money: fees: quote: for total fees of $27,508.00 (exclusive of applicable taxes) · amount: 27508 · approximate: false · disbursements: quote: MT's disbursements were $158.70 (exclusive of applicable taxes) · amount: 158.7 · period: kind: unstated · approval: state: unstated · averages: rate: 620.95 · quote: MT's fees encompass 44.3 hours at an average hourly rate of approximately $620.95 · currency: · invoices: · firm text: Miller Thomson LLP · firm quote: Fee Affidavit of Miller Thomson LLP · hours total: quote: MT's fees encompass 44.3 hours at an average hourly rate of approximately $620.95 · value: 44.3 · context quote: MT's fees encompass 44.3 hours at an average hourly rate of approximately $620.95 for total fees of $27,508.00 (exclusive of applicable taxes)
- unsecured creditors