Toronto Debt Solutions

Court of Appeal for Ontario: Can You Appeal an Ontario Receivership Order? THIS BRANDON’S BLOG GOES LIVE ON MONDAY, NOVEMBER 16, 2026 AT 9:00 AM Can You Appeal an Ontario Receivership Order? If an Ontario court has just placed your business into receivership, the clock is already ticking. Under Canada's Bankruptcy and Insolvency Act (BIA), you may have as little as 10 days to file an appeal—and a single misstep can cost you everything. In this video, Ira Smith, Licensed Insolvency Trustee at Ira Smith Trustee & Receiver Inc., breaks down the reality of an appeal of an Ontario receivership order. Whether you are a business owner facing commercial mortgage renewal pressure, CRA debt, or a secured lender calling in a loan, you need to know your rights immediately. In this video, we cover: 00:00 Introduction: Can You Appeal an Ontario Receivership Order? 00:00:51 Appealing a Receivership Order & Legal Framework 00:01:50 Right vs. Leave to Appeal (BIA Section 193) 00:03:...

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Director Liability in Ontario: Can the CRA Take Your Personal Assets? Director Liability in Ontario: Can the CRA Take Your Personal Assets? Are you a business owner in Ontario worried about personal liability when your corporation is struggling? In this video, Ira Smith, Licensed Insolvency Trustee, breaks down the harsh reality of director liability under the Bankruptcy and Insolvency Act (BIA). Many Canadian directors believe their incorporation protects them from everything—but when it comes to CRA source deductions and unpaid wages, the "corporate veil" can be pierced. In this video, we cover: 00:00 Introduction: Director Liability in Ontario 00:11 The Corporate Shield Myth: Is Your Personal Wealth Actually Safe? 00:01:03 The CRA Tax Trap 00:02:13 The Due Diligence Defence: Your Ultimate Cheat Code 00:02:33 The Personal Guarantee Trap 00:03:13 Level 4: Employee Wage Claims & WEPP 00:03:36 The Illegal Preference Trap (BIA Sections 95 & 96) 00:04:00 Your 5-Step...

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Probate in Ontario: Don't Pay the Deceased's Debts Yourself (Crucial Advice) Probate in Ontario: Don't Pay the Deceased's Debts Yourself (Crucial Advice) Do you always need probate in Ontario? Navigating life as a newly appointed estate trustee can feel overwhelming. Everyone is looking to you for answers, money, and action. In this survival guide, we break down the complex rules, explore hidden shortcuts, and help you dodge the administrative crossfire. Whether you are dealing with a small estate certificate, calculating estate administration taxes, or trying to understand personal liability, this video covers everything you need to know to successfully manage an estate in Ontario Are you acting as an Estate Trustee in Ontario? Before you distribute a single dollar, you need to watch this. Many trustees don't realize that you could be held personally liable for the debts of the deceased—including taxes owed to the CRA if you don’t handle the administration of ...

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