Ontario · Bankruptcy

Notice of bankruptcy - T4G Properties Incorporated.

Notice to creditors · 27 November 2025

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appointeeRaymond Chabot Inc.
appointee roletrustee
commencement date21 November 2025
statutory basisSubsection 102(1) of the Act
financial positionnote: Secured creditors $1,429,735.99; preferred creditors, securities and priorities $0.00; unsecured creditors $874,095.78; contingent/trust/other liabilities $0.00; deficiency $2,303,831.77. Reasons for financial difficulty given: default on mortgage payments due to insufficient tenant funds and increased costs; mortgagee Caisse Desjardins Ontario Credit Union Inc. obtained appointment of Raymond Chabot Inc. as Receiver on May 22, 2025; CRA separately noted as owed in excess of $40,000 for unremitted HST. · page: 2 · as at: 2025-11-21 · basis: Statement of Affairs as stated and estimated by bankrupt/debtor (sworn declaration) · scope: Entity - T4G Properties Incorporated · currency: CAD · total assets: 1 · total liabilities: 2303831.77
secured creditorsnote: As stated in Statement of Affairs (bankrupt/debtor's own estimate) · page: 4 · as of: 2025-11-21 · amount: 1 · debtor: T4G Properties Incorporated · creditor: Bank of Nova Scotia - DLAC · currency: CAD · security: Bank loan (except real property mortgage)
secured creditorsnote: As stated in Statement of Affairs (bankrupt/debtor's own estimate) · page: 4 · as of: 2025-11-21 · amount: 110000 · debtor: T4G Properties Incorporated · creditor: Aswal James · currency: CAD · security: Chattel mortgage or movable hypothec
unsecured creditorsnote: Other claim or liability · page: 4 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 47745.7 · debtor: T4G Properties Incorporated · creditor: BMO - Financial Group · currency: CAD
unsecured creditorsnote: Other claim or liability, invoice 3191 · page: 4 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 10855.96 · debtor: T4G Properties Incorporated · creditor: Brass Pole Electric · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 4 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 2598 · debtor: T4G Properties Incorporated · creditor: Amex Bank of Canada · currency: CAD
secured creditorsnote: As stated in Statement of Affairs (bankrupt/debtor's own estimate) · page: 5 · as of: 2025-11-21 · amount: 1 · debtor: T4G Properties Incorporated · creditor: Corporation of the City of Timmins · currency: CAD · security: Chattel mortgage or movable hypothec
secured creditorsnote: Mortgagee; filed motion to appoint Receiver (Raymond Chabot Inc. appointed Receiver May 22, 2025) after debtor defaulted on mortgage payments. As stated in Statement of Affairs. · page: 5 · as of: 2025-11-21 · amount: 1043133.62 · debtor: T4G Properties Incorporated · creditor: Caisse Desjardins Ontario Credit Union Inc. · currency: CAD · security: Bank loan (except real property mortgage)
unsecured creditorsnote: Other claim or liability · page: 5 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 56504 · debtor: T4G Properties Incorporated · creditor: CDLSI · currency: CAD
unsecured creditorsnote: Accounts payable · page: 5 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 1 · debtor: T4G Properties Incorporated · creditor: Canadian Dealer Lease Services Inc. · currency: CAD
unsecured creditorsnote: Other claim or liability; water and sewer (separate claim from secured chattel mortgage entry) · page: 5 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 57080.91 · debtor: T4G Properties Incorporated · creditor: Corporation of the City of Timmins · currency: CAD
secured creditorsnote: As stated in Statement of Affairs (bankrupt/debtor's own estimate) · page: 6 · as of: 2025-11-21 · amount: 259501.39 · debtor: T4G Properties Incorporated · creditor: Curtis Blaize and Janoa Blaize · currency: CAD · security: Chattel mortgage or movable hypothec
unsecured creditorsnote: Other claim or liability · page: 6 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 25000 · debtor: T4G Properties Incorporated · creditor: Ellys Ilagan · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 6 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 6934.85 · debtor: T4G Properties Incorporated · creditor: Enbridge · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 6 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 19433.52 · debtor: T4G Properties Incorporated · creditor: Hydro One Networks Inc. · currency: CAD
unsecured creditorsnote: Other claim or liability; monthly fire inspection · page: 6 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 0 · debtor: T4G Properties Incorporated · creditor: Delnite Fire Extinguisher · currency: CAD
unsecured creditorsnote: Other claim or liability, invoice 26192 · page: 6 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 726.51 · debtor: T4G Properties Incorporated · creditor: E360 · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 7 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 18130.88 · debtor: T4G Properties Incorporated · creditor: Nova Scotia Power Inc. · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 7 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 261000 · debtor: T4G Properties Incorporated · creditor: John Borreo · currency: CAD
unsecured creditorsnote: Accounts payable · page: 7 · as of: 2025-01 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 6667 · debtor: T4G Properties Incorporated · creditor: Luo & Associates CPA Professional Corporation · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 7 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 45000 · debtor: T4G Properties Incorporated · creditor: Marrieta Rimando · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 7 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 1227.86 · debtor: T4G Properties Incorporated · creditor: Intact Insurance · currency: CAD
unsecured creditorsnote: Corporate taxes · page: 7 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 1 · debtor: T4G Properties Incorporated · creditor: Ontario Ministry of Finance · currency: CAD
secured creditorsnote: As stated in Statement of Affairs (bankrupt/debtor's own estimate) · page: 8 · as of: 2025-11-21 · amount: 17099.98 · debtor: T4G Properties Incorporated · creditor: Town of Yarmouth · currency: CAD · security: Chattel mortgage or movable hypothec
unsecured creditorsnote: Corporate taxes; document separately references CRA owed 'in excess of $40,000 on account of unremitted HST' - the $39,018.30 figure is the corporate taxes line item in the itemized list · page: 8 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 39018.3 · debtor: T4G Properties Incorporated · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 8 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 1169.29 · debtor: T4G Properties Incorporated · creditor: TD Assurance · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 8 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 105000 · debtor: T4G Properties Incorporated · creditor: Teofilo dela Cruz · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 8 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 0 · debtor: T4G Properties Incorporated · creditor: Vaughne Assurance · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 8 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 20000 · debtor: T4G Properties Incorporated · creditor: Raynan Ferrer · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 9 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 150000 · debtor: T4G Properties Incorporated · creditor: Villamor Pineda · currency: CAD
unsecured creditorsnote: Other claim or liability · page: 9 · as of: 2025-11-21 · basis: Statement of Affairs as reported by bankrupt/debtor · amount: 0 · debtor: T4G Properties Incorporated · creditor: Yarmouth Provincial Court · currency: CAD