2694272 Ontario Ltd.
Follow- Proceeding
- Receivership (court-appointed)section 243(1) of the Bankruptcy and Insolvency Act and section 101 of the Courts of Justice Act
- File
- CV-26-00001495-00000
2694272 Ontario Ltd. was placed in court-appointed receivership by the Ontario Superior Court of Justice on July 24, 2026, under court file no. CV-26-00001495-00000. The application was brought by Caisse Desjardins Ontario Credit Union Inc., which put its aggregate indebtedness under two loan agreements at $2,113,781.11 as of May 28, 2026, excluding professional fees, disbursements and HST and continuing to accrue interest. The Caisse holds collateral mortgages, an assignment of rents, a general security agreement and a PPSA registration over the company and its personal property, including lands at 45025 Talbot Line, St. Thomas, Ontario. The Municipality of Central Elgin claims a statutory lien of $29,694.11 in municipal property tax arrears on that property as of May 14, 2026. Royal Bank of Canada, Vault Credit Corporation, Kubota Canada Ltd., Ford Credit Canada Leasing and Merchant Opportunities Canada Limited Partnership are also named as secured creditors on the service list.
Motion Record of the Receiver (for motion returnable September 18, 2026) — Application / notice of application
First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) — Court officer report
Receivership order made over 2694272 Ontario Ltd., placing the company and its property, including the 45025 Talbot Line lands in St. Thomas, under court-appointed receivership.
Source: Court Order of Justice Kalajdzic dated July 24, 2026 (Receivership Appointment Order)
Application Record of Caisse Desjardins Ontario Credit Union Inc. (for application returnable July 9, 2026 was filed. Court file CV-26-00001495-0000.
Case update
Auto Haven: one offer for Talbot Line, signed twice
In its first report, the receiver of 2694272 Ontario Ltd. asks the court to approve a $1,525,000 sale of the company's vacant St. Thomas building to the buyer the company found in June, re-signed on the receiver's own agreement at the same price with no further sales process, while $2,158,551.57 is owed to Caisse Desjardins.
Debtor
2694272 Ontario Ltd.
Receiver
Albert Gelman
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Kalajdzic | Ontario Superior Court of Justice | 2 orders, Jul 2026 | 4 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| ReceiverAlbert Gelman | Miller Thomson LLP | 18 Sep 2026 | Factum · 18 Sep 2026 |
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 3 | Deemed trusts (CRA and other) | Canada Revenue Agency · in 926 casesCrown deemed trust priority over Caisse Mortgages — Deemed trust class - Source Deduction Deemed Trust Amount (income tax, CPP, EI) per CRA statement of account; no proof of claim filed. Separately, CRA GST/HST arrears of $40,395.30 as of same date had $0 deemed trust portion. Will not continue to accrue after Aug 21, 2026 as Company ceased operating. — debtor: 2694272 Ontario Ltd. · as of 21 Aug 2026 | $33.6K | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Caisse Desjardins Ontario Credit Union Inc. · in 22 casesCollateral mortgages registered May 15, 2026 and Oct 1, 2024 (with related assignment of rents) against Real Property, plus GSA and PPSA registration (Apr 12, 2024) over inventory, equipment, accounts, other, MV — Two facilities: variable credit agreement dated Apr 12, 2024 (principal $750,000.00) and loan agreement dated Sept 26, 2024 (principal $1,443,750.00) - principal amounts, not balances. Security opinion from Miller Thomson confirms validity/enforceability. Excludes professional fees, disbursements and taxes, continuing to accrue. — debtor: 2694272 Ontario Ltd. · as of 4 Sep 2026 | $2.16M | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Ford Credit Canada Leasing, Division of Canadian Road Leasing Company · in 2 casesas of Form 31 proof of claim — PPSA registration Nov 8, 2024 against 2024 Ford Bronco (VIN 1FMDE8BH5RLB08447) — Secured claim per filed Form 31 proof of claim (Appendix G); vehicle located at Ford dealership. — debtor: 2694272 Ontario Ltd. | $75.3K | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Municipality of Central ElginSpecial lien on Real Property under s.349 Municipal Act, 2001, ranking in priority to Caisse Mortgages — Property taxes and related charges past due per tax certificate, exclusive of ongoing interest and penalties. — debtor: 2694272 Ontario Ltd. · as of 11 Aug 2026 | $36.1K | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Vault Credit Corporation · in 65 casesTwo PPSA registrations: (i) Oct 15, 2025 - universality over present/future movable/personal property, equipment, accounts; (ii) Mar 18, 2026 - security interest in receivables, future revenues and account under business advance agreement — Amounts owing not confirmed by Receiver. — debtor: 2694272 Ontario Ltd. | — | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Merchant Opportunities Canada Limited Partnership · in 8 casesPPSA registration Mar 12, 2026 over all present and after-acquired personal property, including future debit/credit card receivables — Amount owing not confirmed by Receiver. — debtor: 2694272 Ontario Ltd. | — | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 4 | Secured | Royal Bank of Canada · in 556 casesPPSA registration Nov 6, 2024 against 2024 Jeep Wrangler (VIN 1C4PJXFG5RW199873); registered amount $74,821.42 — Registered amount, not confirmed outstanding balance. Vehicle not located; status under investigation. — debtor: 2694272 Ontario Ltd. | — | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 5 | PMSI / lessors | Kubota Canada Ltd. · in 16 casesPPSA equipment financiers (PMSI class) - registrations against 2021 Kubota SVL97-2 (registered amount $44,059, Dec 22, 2025) and 2017 Kubota KX033-4 (registered amount $45,204, May 24, 2022) — Registered amounts, not confirmed balances. Equipment not located; status under investigation. — debtor: 2694272 Ontario Ltd. | — | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 8 | Unsecured | Canada Revenue Agency (income tax, CPP, EI arrears, unsecured portion) · in 926 casesUnsecured portion of income tax, CPP and EI arrears, penalties and interest, over and above the $33,623.79 Source Deduction Deemed Trust Amount. — debtor: 2694272 Ontario Ltd. · as of 21 Aug 2026 | $43.2K | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 8 | Unsecured | Canada Revenue Agency (GST/HST arrears, unsecured portion) · in 926 casesUnsecured portion of GST/HST arrears, over and above deemed trust amount (deemed trust portion was $0 for GST/HST). — debtor: 2694272 Ontario Ltd. · as of 21 Aug 2026 | $30.4K | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
| 8 | Unsecured | Ontario Ministry of Finance · in 43 casesAmount not yet determined. — debtor: 2694272 Ontario Ltd. | — | First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026) |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
This proceeding was commenced by a secured creditor. The record does not include the debtor’s own statement of assets and liabilities — that ceiling is the record’s, not this page’s.
Secured creditors: no distribution. CRA paid in full · Caisse short.EstimatedFirst Report of the Receiver dated September 9, 2026 (for motion · 9 Sep 2026
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Deemed trust | CRA | — | paid in full | Estimatedper the receiver | First Report of the Receiver dated September 9, 2026 (for motion · 9 Sep 2026 |
| Secured | other secured or unsecured creditors | — | no distributionconditional | Estimatedper the receiver | First Report of the Receiver dated September 9, 2026 (for motion · 9 Sep 2026 |
| Secured | Caisse | — | shortfall | Estimatedper the receiver | First Report of the Receiver dated September 9, 2026 (for motion · 9 Sep 2026 |
| Equity | — | — | no recovery | per the receiver | First Report of the Receiver dated September 9, 2026 (for motion · 9 Sep 2026 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 engagements · 2 firms — latest: Miller Thomson LLP, 24 Jul – 21 Aug 2026, $9,325.50 soughtMotion Record of the Receiver (for motion · 18 Sep 2026
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| Albert Gelman Inc.Receiver | —Sought | 96.9 | $48,232.50 | $497.76stated average | Motion Record of the Receiver (for motion · 18 Sep 2026 |
| Miller Thomson LLPCounsel to the receiver | 24 Jul – 21 Aug 2026Sought | 15.4 | $9,325.50ex. tax | $605.55stated average | Motion Record of the Receiver (for motion · 18 Sep 2026 |
| Date | Document | File |
|---|---|---|
Factum of the Receiver (for motion returnable September 18, 2026)
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Motion Record of the Receiver (for motion returnable September 18, 2026)
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First Report of the Receiver dated September 9, 2026 (for motion returnable September 18, 2026)
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Court Order of Justice Kalajdzic dated July 24, 2026 (Receivership Appointment Order)
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Endorsement of Justice Kalajdzic dated July 24, 2026
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| Service List as of July 24, 2026 | ||
Application Record of Caisse Desjardins Ontario Credit Union Inc. (for application returnable July 9, 2026
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Filing titles, dates, and extracted key facts are public.
CiteProceedings., “2694272 Ontario Ltd.” (Receivership (court-appointed)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/2694272-ontario-ltd