Ontario · Receivership (court-appointed)

First Report of the Receiver dated February 13, 2019

Court officer report · 13 February 2019

Also filed as: First Report of the Receiver dated February 13, 2019; First Report of the Receiver dated February 13, 2019; First Report of the Receiver dated February 13, 2019

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secured creditorsnote: Amount is registered principal, not confirmed outstanding balance ('Amounts as registered'). · page: 44 · as of: 2018-06-14 · amount: 572000 · debtor: 1496765 Ontario Ltd. (Etobicoke) · creditor: 10831824 Canada Inc. · currency: CAD · security: Charge/Mortgage registered as instrument No. AT4886114 (registered/original principal amount)
secured creditorsnote: No amount registered/stated. · page: 44 · as of: PPSA search date (2018-09-06) · debtor: Sunshine Propane Inc. · creditor: Thinking Capital · currency: CAD · security: PPSA registration
secured creditorsnote: Regulatory/provincial claim; amount as registered. · page: 44 · as of: PPSA/Title search date (2018-09-06) · amount: 136562 · debtor: Sunshine Propane Inc. · creditor: Her Majesty in right of Ontario, represented by the Minister of Finance · currency: CAD · security: PPSA registration
secured creditorsnote: No amount registered/stated. · page: 44 · as of: PPSA search date (2018-09-06) · debtor: Sunshine Propane Inc. · creditor: Merchant Advance Capital · currency: CAD · security: PPSA registration
secured creditorsnote: No amount registered/stated. · page: 44 · as of: PPSA search date (2018-09-06) · debtor: Sunshine Propane Inc. · creditor: Roynat Inc. · currency: CAD · security: PPSA registration
secured creditorsnote: No amount registered/stated for Sunshine's PPSA registration; Sunshine is guarantor of Etobicoke and Burlington debt. · page: 44 · as of: PPSA search date (2018-09-06) · debtor: Sunshine Propane Inc. · creditor: Bank of Montreal · currency: CAD · security: PPSA registration; guarantee of 1496765 (Etobicoke) and 1651033 (Burlington) obligations
secured creditorsnote: Prior indebtedness at July 27, 2018 reported as $2,531,062.35 (prose approximation); includes advances under Receiver Certificates. · page: 45 · as of: 2019-02-04 · amount: 2628839 · debtor: 1651033 Ontario Ltd. (Burlington) · creditor: Bank of Montreal · currency: CAD · security: First mortgage over Burlington Property; general assignment of rents; general security agreement; PPSA registrations
secured creditorsnote: Prior indebtedness at July 27, 2018 reported as $2,083,285.97 (prose approximation); BMO statement amount includes advances under Receiver Certificates. Personal guarantee also from Sunshine Propane Inc. · page: 45 · as of: 2019-02-04 · amount: 2227185 · debtor: 1496765 Ontario Ltd. (Etobicoke) · creditor: Bank of Montreal · currency: CAD · security: First mortgage over Etobicoke Property; general assignment of rents; general security agreement; PPSA registrations
secured creditorsnote: Prior indebtedness at July 27, 2018 reported as $1,411,643.42 (prose approximation); includes advances under Receiver Certificates. · page: 45 · as of: 2019-02-04 · amount: 1544162 · debtor: 1527020 Ontario Inc. (Port Colborne) · creditor: Bank of Montreal · currency: CAD · security: First mortgage over Port Colborne Property; PPSA registrations
secured creditorsnote: Prior indebtedness at July 27, 2018 reported as $2,291,385.27 (prose approximation); includes advances under Receiver Certificates. · page: 45 · as of: 2019-02-04 · amount: 2478332 · debtor: 2495087 Ontario Inc. (Port Elgin) · creditor: Bank of Montreal · currency: CAD · security: PPSA registrations; mortgage security
secured creditorsnote: Prior indebtedness at July 27, 2018 reported as $1,674,920.93 (prose approximation); includes advances under Receiver Certificates. · page: 45 · as of: 2019-02-04 · amount: 1805822 · debtor: 2496800 Ontario Inc. (Goderich) · creditor: Bank of Montreal · currency: CAD · security: PPSA registrations; mortgage security
unsecured creditorsnote: Deemed trust claim (HST). · page: 45 · as of: 2018-09-14/19 (CRA correspondence) · basis: CRA-reported HST liability · amount: 2194.69 · debtor: Sunshine Propane Inc. · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Deemed trust claim (source deductions). · page: 45 · as of: 2018-09-14/19 (CRA correspondence) · basis: CRA-reported source deductions liability · amount: 2601 · debtor: 1496765 Ontario Ltd. (Etobicoke) · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Deemed trust claim (HST); estimated by CRA. · page: 45 · as of: 2018-09-14/19 (CRA correspondence) · basis: CRA-estimated HST liability · amount: 44050.97 · debtor: 1496765 Ontario Ltd. (Etobicoke) · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Credit balance (owed to debtor), not a liability; withheld pending non-filed corporate tax returns 2010-2018. · page: 45 · as of: 2018-09-14/19 (CRA correspondence) · basis: CRA-reported HST account credit · amount: -7917.74 · debtor: 1527020 Ontario Inc. (Port Colborne) · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Deemed trust claim (source deductions). · page: 45 · as of: 2018-09-14/19 (CRA correspondence) · basis: CRA-reported source deductions liability · amount: 966.22 · debtor: Sunshine Propane Inc. · creditor: Canada Revenue Agency · currency: CAD
unsecured creditorsnote: Deemed trust claim (estimated HST liability for period Nov 1, 2016 to Aug 29, 2018). · page: 46 · as of: 2019-01-10 · basis: Notice of Assessment issued by CRA · amount: 26197.73 · debtor: 2496800 Ontario Inc. (Goderich) · creditor: Canada Revenue Agency · currency: CAD
secured creditorsnote: Amount is registered lien amount. · page: 207 · as of: 2018-08-31 · amount: 2549484 · debtor: 1651033 Ontario Ltd. (Burlington) · creditor: SDM Construction Inc. · currency: CAD · security: Construction Lien registered as instrument No. HR1568135