Saskatchewan · Winding-up (provincial)
Liquidators Fourth Report (October 19, 2026)
Court officer report · 19 October 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing14 verified
- financial positionnote: Claims process concluded: no claims were received by the August 29, 2025 bar date and no additional known creditors were identified from the books and records (paragraph 30). The Liquidator states it is not aware of any outstanding creditor claims that would prevent the Distribution Plan, subject to payment of outstanding tax obligations and reserves. Estate balance including the $8,800,000 GIC is $9,107,132 ($307,132 cash); estimated amount available for distribution is $7,975,771 after estimated taxes and fees. Total asset realizations to date: $9,410,131. The CRA amounts above are estimates pending assessment, not proven creditor claims. · page: 14 · as at: 2026-10-15 · basis: Liquidator's Fourth Interim Statement of Receipts and Disbursements; unaudited information per the Liquidator's terms of reference. This is a liquidation cash position, not a balance sheet; no total assets or total liabilities are stated. · scope: Willowgrove Farms Ltd. (WFL) only · currency: CAD
- unsecured creditorsnote: Estimated penalties and interest on corporate income tax filings for 2020-2023; separate from the estimated corporate income taxes of approximately $925,859 payable. Statutory/tax claim (deemed-trust class not stated in the document); P. Russell's pending application seeks to allocate these to the Wright Estate. · page: 19 · as of: 2026-10-15 · basis: Liquidator's estimate, subject to CRA assessment · amount: 103691 · debtor: Willowgrove Farms Ltd. · creditor: Canada Revenue Agency (corporate income tax, tax years 2020-2023 penalties and interest) · currency: CAD
- unsecured creditorsnote: Net payable after offset of refund against penalties and interest. · page: 30 · as of: 2026-10-15 · basis: Liquidator's estimate: GST penalties and interest of $8,678 less a GST refund of $2,395, subject to CRA assessment · amount: 6283 · debtor: Willowgrove Farms Ltd. · creditor: Canada Revenue Agency (GST, net of refund) · currency: CAD
- unsecured creditorsnote: Estimated tax payable, not an assessed or proven claim. Statutory/tax claim. · page: 32 · as of: 2026-10-15 · basis: Liquidator's estimate assuming the proposed dividends of approximately $3,700,000 are issued; estimated at $2,351,721 without them; subject to CRA assessment · amount: 925859 · debtor: Willowgrove Farms Ltd. · creditor: Canada Revenue Agency (corporate income taxes payable) · currency: CAD
- cash on handnote: Estate Balance including the GIC is $9,107,132 ($8,800,000 GIC plus $307,132 cash); estimated amount available for distribution is $7,975,771. · as at: 2026-10-15 · amount: 307132 · currency: CAD · qualifier: cash balance; excludes the $8,800,000 GIC
- disbursementsnote: Includes $8,800,000 transferred to purchase a GIC; net disbursements excluding the GIC are $681,860. · since: commencement of the liquidation (Fourth Interim SRD to October 15, 2026) · amount: 9481860 · currency: CAD
- operational summaryWFL's assets (land, investments, equipment) are fully realized and the claims process closed with no claims; the Liquidator is finalizing tax filings and a shareholder Distribution Plan, with a pending shareholder dispute over CRA penalties and a request to extend the liquidation.
- professional feesnote: Total including GST/disbursements; fees alone $91,444.67. Liquidator's counsel M Law (June 11, 2025 to Oct 19, 2026) billed $29,600.93 total including GST and PST ($26,667.50 fees). · party: Grant Thornton Limited (Liquidator), May 1, 2025 to September 15, 2026 · amount: 99169.43 · period: 2025-05-01 to 2026-09-15 · currency: CAD
- receipts cumulativenote: Includes land sale, RBC accounts, asset sales, interest and rent. · since: commencement of the liquidation (Fourth Interim SRD to October 15, 2026) · amount: 9788992 · currency: CAD
- report date19 October 2026
- report noFourth Report
- sale advisorMcDougall Auctions
- sale outcometext: Farm equipment, vehicles and miscellaneous items were sold through McDougall Auctions for a net amount of $313,700; the estate holds cash proceeds and is moving to distribution to shareholders. · scope: liquidation · status: closed
- secured creditors