Saskatchewan · Receivership (court-appointed)
First Report of the Receiver, dated September 21, 2026
Court officer report · 21 September 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 filing35 verified
- financial positionnote: No consolidated total assets/liabilities figure stated in the report body; individual creditor amounts and a Schedule A secured total of $1,750,637 and Schedule B unsecured total of $152,303 (plus $1 preferred) appear in the s.245/246 creditors notice appendix, but no overall balance sheet or asset value is given (Property asset described qualitatively only, and detailed valuation is sealed in Confidential Supplement) · page: 4 · basis: Receiver relied on unaudited financial information and books and records of the Companies, which the Receiver considers incomplete · scope: 102133387 Saskatchewan Limited and Tisdale Convenience Store Inc. (individual debtors, not consolidated) · currency: CAD
- secured creditorsnote: Correspondence dated March 31, 2026 indicated approx. $40,284 owed for unremitted provincial sales tax, but the registered enforcement charge balance is $76,985.89; Receiver states further clarification required to confirm amount presently owing · page: 6 · as of: 2026-09-21 · amount: 76985.89 · debtor: Tisdale Convenience Store Inc. · creditor: Saskatchewan Ministry of Finance · currency: CAD · security: Enforcement charge registered against TCS personal property (PPR)
- secured creditorsnote: Amount is approximate per Initial Singh Affidavit ('owed approximately $1,677,809 plus continuing interest and costs'); a later s.245/246 notice listing (Schedule A, original p.35) shows a rounded figure of $1,677,000 as of that notice; first-ranking secured creditor and financer of Receiver's Borrowings · page: 6 · as of: 2026-03-12 · amount: 1677809 · debtor: 102133387 Saskatchewan Limited · creditor: Business Development Bank of Canada · currency: CAD · security: General security agreement dated September 15, 2023 over present and after-acquired personal property; mortgage dated September 15, 2023 against the Property; also registered mortgage and Assignment of Rents on title each valued at $1,600,000 (registered principal, not a balance)
- secured creditorsnote: Funds advanced by BDC to the Receiver via one Receiver's Certificate; court-ordered administrative charge, not a pre-filing creditor claim · page: 6 · as of: First Report filing date · amount: 50000 · debtor: 102133387 Saskatchewan Limited and Tisdale Convenience Store Inc. · creditor: BDO Canada Limited (Receiver, as certificate holder funded by BDC) · currency: CAD · security: Receiver's Borrowings Charge per Receivership Order - priority over all security interests, trusts, liens, charges and encumbrances, subordinate to Receiver's Charge and BIA ss.14.06(7), 81.4(4), 81.6(2)
- secured creditorsnote: Land title registry shows no stated value (N/A) for the Tax Lien interest itself; a separate s.245/246 creditor listing (Schedule A, original p.35) shows Town of Tisdale secured amount of $33,635 and also lists Town of Tisdale as an unsecured creditor of $825 (Schedule B) for a different claim · page: 7 · as of: 2026-01-23 · debtor: 102133387 Saskatchewan Limited · creditor: Town of Tisdale · currency: CAD · security: Tax Lien registered against the Property (land title)
- secured creditorsnote: Registered value of the interest as shown on title; listed separately in s.245/246 creditor notice (Schedule A) at nominal $1 for notification purposes only · page: 7 · as of: 2024-10-11 · amount: 600000 · debtor: 102133387 Saskatchewan Limited · creditor: Sadiqur Rahman · currency: CAD · security: Miscellaneous Interest registered against the Property (land title)
- secured creditorsnote: From Receiver's s.245/246 creditors notice Schedule A listing, based on unaudited books/records · page: 35 · as of: notice preparation date (s.245/246 creditors notice) · amount: 40000 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: Personal Property Registry registration
- secured creditorsnote: Listed at nominal $1 for notification purposes only per Schedule B note; PPSA-registered creditor · page: 35 · as of: notice preparation date (s.245/246 creditors notice) · amount: 1 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Vault Credit Corporation · currency: CAD · security: Personal Property Registry registration
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 457 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Greenland Waste · currency: CAD
- unsecured creditorsnote: Individual person listed at nominal $1 for notification purposes only · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 1 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Puneet · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 175 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Sasktel · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 286 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: B & B Septic Service · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 375 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Vomar Industries o/a Tank Traders · currency: CAD
- unsecured creditorsnote: Individual person listed at nominal $1 for notification purposes only · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 1 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Komalpreet Singh · currency: CAD
- unsecured creditorsnote: Individual person listed at nominal $1 for notification purposes only · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 1 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Steven Waldner · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 3250 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Core Mark · currency: CAD
- unsecured creditorsnote: Distinct claim from Town of Tisdale's secured Tax Lien and secured listing of $33,635 (Schedule A) · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 825 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Town of Tisdale · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 456 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Old Dutch Foods Ltd · currency: CAD
- unsecured creditorsnote: Preferred creditor class per document; listed at nominal $1 for notification purposes only pending Proof of Claim; separately, main report discusses CRA deemed trust/source deductions/GST audits still pending with amount unknown ('the Receiver is continuing its efforts ... to confirm the amount, if any') · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B, Preferred creditors) · amount: 1 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Canada Revenue Agency · currency: CAD
- unsecured creditorsnote: Same underlying claim as the enforcement charge registered as a secured PPR interest of $76,985.89; bifurcated between secured (PPR charge) and this unsecured listing entry · page: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 76986 · debtor: Tisdale Convenience Store Inc. · creditor: Ministry of Finance - Saskatchewan · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 40000 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Conexus Credit Union · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 12737 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Incomm Canada Prepaid Inc · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 11590 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Sask Power · currency: CAD
- unsecured creditorspage: 36 · as of: notice preparation date (s.245/246 creditors notice) · basis: Listing of creditors as identified to the Receiver based on unaudited books and records (Schedule B) · amount: 5163 · debtor: 102133387 Saskatchewan Limited and/or Tisdale Convenience Store Inc. · creditor: Sask Energy · currency: CAD
- cash on handnote: Stated as 'Cash in trust as at August 31, 2026' in the Interim Statement of Receipts and Disbursements. · as at: 2026-08-31 · amount: 27993 · currency: CAD
- disbursementsnote: Comprised of insurance, casual labour, utilities, change of locks, repair and maintenance, GST paid on disbursements, and filing fees paid to Official Receiver. · since: the date of the Receivership Order · amount: 22121 · currency: CAD
- operational summaryThe Debtors' businesses (gas station, convenience store, restaurant, and car wash) were not operational at the time of the Receiver's appointment, having been shut down approximately one month prior to the Receivership Date; the Receiver has secured the property and is pursuing a stalking horse sale process.
- purchaserOlabees Canada Inc.
- receipts cumulativenote: Interim Statement of Receipts and Disbursements from the date of the Receivership Order to August 31, 2026; comprised of advance from secured creditors ($50,000) and interest earned ($115). · since: the date of the Receivership Order · amount: 50115 · currency: CAD
- recovery outcomeentries: basis: estimated · quote: As the Receiver anticipates a material shortfall to the secured creditors, it is not anticipating a distribution to unsecured creditors. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As the Receiver anticipates a material shortfall to the secured creditors, it is not anticipating a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: receiver · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2026-09-21 · table missing:
- report date21 September 2026
- report noFirst Report
- sale advisorNAI Commercial Real Estate Inc.
- sale outcometext: Receiver entered into a conditional Stalking Horse APA and seeks court approval of a stalking horse sales process; a SAVO is requested now to approve the Stalking Horse APA if it is the Successful Bid · scope: whole_business · status: pending_approval
- stalking horseOlabees Canada Inc. (1200000)